WHY YOU NEED US

WHAT IS TITLE?

Title is right to a property. A formal document of title, or ownership, is referred to as a deed. Prior to buying a property, it is important to understand any complications such as liens, encroachments, defects, or easements that might affect the title and your ownership of the property.

Bay National Title Company helps you understand the possible restrictions on the property making for a much smoother closing experience.

WHAT WE LOOK FOR

  • LIENS

    In addition to unpaid real estate taxes and assessed liens, this search details unpaid mortgages and loans.

  • TITLE DEFECTS

    This covers unknown heirs, mistakes on recordings, and forged signatures on title transfers.

  • OWNERSHIP HISTORY

    Reveals details on past owners of the property. This includes past uses and ownership prior to developing it.

DO I NEED TITLE INSURANCE?

Most lenders require you purchase title insurance to protect their interests in your property. 85% of homeowners purchase title insurance to cover their interests as well. Since past title defects, encroachments, and tax liens can be costly situations, which can mean losing the house, most property owners select title insurance.

Bay National Title Company makes sure your needs are covered. We have a variety of options to suit you.

NON-PERMITTED HOME IMPROVEMENTS

NON-PERMITTED HOME IMPROVEMENTS

If the former owner of your property completed improvements without following the permitting process and you have costs associated with them such as removal or bringing them up to code, your title insurance in most instances will cover those costs.

DUAL OWNERSHIP CLAIMS

DUAL OWNERSHIP CLAIMS

If an error in recording occurred, and two owners were listed on the property, title insurance would pay the costs of getting the former owner’s name removed and allowing the current owner to retain ownership of the property.

NEW CONSTRUCTION LIENS

NEW CONSTRUCTION LIENS

In new builds if the builder did not pay out his contracts, those subcontractors can place a lien on the home. Since the problem belongs to the builder and not the homeowner, title insurance would help the homeowners defend these claims in court and negotiate getting the liens removed.

IDENTITY THEFT

IDENTITY THEFT

Should the homeowner’s identity be stolen and a real estate transaction occurs, unbeknownst to the owner, title insurance will help make arrangements to represent the homeowner in court to reclaim the house.

No Coverage Basic Coverage Enhanced Coverage
The bare minimum of acceptable coverage for a home that’s been financed, is coverage for the lending institution to cover its investment.
This is a lender-only policy and provides no coverage for the
new homeowner.
This policy covers homeowners for everything that occurred prior to the purchase date. It would not cover something discovered after the purchase date like non-permitted work done to the home. This provides homeowners with all
the coverage of the basic policy plus things newly discovered like building permit violations, future claims, incorrect surveys, and more.
Download Policy Details