At Security Abstract & Title we are committed to meeting your real estate transaction needs from start to finish and to assisting you in obtaining clear title to your property. With our experience, skills, and resources we will ease the confusion of the title and escrow process so you can focus on what matters most - your new home or business. We can handle all your title service needs including: property title searches and reports, title insurance underwriting and escrow closing services to name a few. We are your title experts, we are Security Abstract & Title.
A title is the evidence, or right, that a person has to the ownership and possession of land. It is possible that someone other than the owner has a legal right to the property. If that right can be established, this person can claim the property outright or make demands on the owner as to its use.
A policy, usually issued by a title insurance company, which guarantees that an owner has a title to a property and insures against errors in the title search. The cost of the land title policy is usually a function of the value of the property, and is often borne by the purchase and/or seller. A title insurance policy is protection for the lender as well as the home buyer against any disputes with the title for the property.
No! You have the right to choose your own title insurance underwriter. You should make your preferences known early in the escrow/closing process to avoid confusion. If anyone insists you use a particular title insurance company, it’s in your best interest to ask them if they are affiliated with the company they are recommending.
The one time premium is directly related to the value of your home. In Missouri the rates are set by the Missouri Department of Insurance. Typically, it is less expensive than your annual auto insurance. It is a one-time only expense, paid when you purchase your home, yet it continues to provide complete coverage for as long as you or your heirs own the property.