Title insurance provides you with assurance that the property you are purchasing has good and marketable title. All title insurance is based upon a title search which quantifies the title history of the property. In this way, title insurance is different from casualty insurance, because much of the unknown risk is alleviated by a due-diligence search on the front end.
Through the years, your new property has changed hands many times through sale, inheritance, foreclosure or bankruptcy. Each transfer is reviewed and evaluated, and then a search of the owners is conducted to identify any liens, easements or encumbrances which may have been recorded against the property. If you don’t address existing liens, you could lose your property and the money you invested in it. Unfortunately, it happens. That’s why we’re here: to see that it doesn’t.
If we insure against a title risk and an adverse claim is filed against you, your title insurance pays for your defense.
Among the many risks against which title insurance protects you are:
- Judgment and tax liens
- Unreleased mortgages
- Confusion from similarity of names
- Forged documents
- Signatures of minors or mentally incompetent persons
- Mistakes in recording legal documents
- Undisclosed or missing heirs
- Invalid divorces
- Misrepresentation or marital status
- Unpaid taxes
- Clerical errors in public records
- Wills not probated
Services to other Law Firms
Hatcher Title provides services to other law firms and bankruptcy trustees, including deeds pursuant to divorce, title searches pursuant to foreclosure and closing services related to estate and probate needs.
We are pleased to enjoy the confidence of several Chattanooga law firms and other attorneys nationwide. We also provide title histories to environmental engineers and surveyors.