A title company is a company that provides title insurance for property owners. The title insurance provides protection from the owner, and sometimes mortgage lenders, from any legal claims or lawsuits connected with the property title. In addition to title insurance, title companies also handle a number of different tasks. For instance, they also:
Working with a title company can help a property transaction go more smoothly. However, title companies can also be associated with some specific types of legal disputes. These include:
Title companies and their agents are generally held to a certain standard when it comes to the thoroughness and accuracy of their work. If the homeowner or potential buyer feels that the company or their agent did not exercise reasonable efforts in performing their duties, they might be able to hold the title company liable for losses connected with the transaction.
Legal disputes with a title company can often be resolved through additional negotiations, for instance if a contract needs re-writing. However, in some cases, a lawsuit may be needed. This is often the case for legal claims involving fraud. In such legal actions, a monetary damages award may be more appropriate when it comes to reimbursing a person for losses caused by a violation or negligence from a title agent.
Title companies can often provide much assistance during a property sale or when considering owning property. You may need to hire a real estate lawyer if you need assistance with any issues with titles or title insurance. Your attorney can provide you with legal guidance and advice on any issues or concerns you may have regarding your property. Also, if you need to file a lawsuit, your lawyer can help represent you during trial as well.
Last Modified: 03-17-2015 11:31 AM PDTLaw Library Disclaimer
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