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Ohio, Kentucky, Indiana, Minnesota and Michigan



WHAT IS TITLE INSURANCE (and why do I need it?)

Title Insurance is protection against loss arising from problems connected to the title to your property.

Because real estate is typically the largest and most valuable asset for most people, it is vital to protect that asset after closing. Problems in the past can lead to issues in the future that can affect your property. If you obtain a title insurance policy, you are protected against any challenges to rightful ownership of your property from past ownerships.

When taking out a loan your mortgage company will generally require you to obtain a loan policy. This policy affords the lender protection, up to the loan amount, in the event that any issues arise with title after closing.

An Owner’s Policy, issued for the purchase price of the home, covers and protects the owners investment in the property against hidden defects such as, forgery of documents, fraud, mistakes in the public record and unknown interest in the property.

Title Insurance

Is Title Insurance Worth It?

Why is it important for a Lender and Owner to obtain a Title Insurance Policy? Because it is their best protection against potential defects that can remain hidden despite the most thorough search of public records. While a Loan Policy will protect the lenders investment it does not afford the Owner any coverage. By obtaining an Owner's Policy you also protect yourself against loss or damage occurring from liens, encumbrances, or defects in the title or actual ownership of a property. Unlike traditional Homeowner's Insurance, which protects against future events that effect the property, title insurance protects against claims for past title occurrences. Your title insurance policy will only require a one-time payment and is a lender's and owner's best protection for their investment. Purchasing a title insurance policy is a matter of being safe rather than sorry.


Also called a like-kind exchange, it is a swap of one investment property for another. If your swap meets the requirements of a 1031, you will have no or limited tax due at the time of exchange.

A 1031 exchange is named for reference in Section 1031 of the Internal Revenue Code, which makes it possible for an investor to defer paying capital gains taxes on an investment property upon its sale, as long as another "like kind" property is bought with the profit from the sale of the investment property. This strategy can reduce your overall tax burden.



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Florence, KY 41042
Ph: (859) 344-2720
Fax: (859) 344-3800