Title Insurance Disputes in CT
Naugatuck Real Estate Lawyer
Whether you are purchasing a home, inheriting it, or buying a commercial
building, there is always an opportunity for title insurance disputes
to arise. Title insurance provides protection for the seller, buyer and
loan and mortgage companies. Title insurance typically protects these
parties if it is later found that the title has a defect of legal encumbrance.
Title disputes can be extremely complex to understand, especially with
so many parties involved. If you having a title dispute over a home, commercial
building or other property, our skilled
Naugatuck read estate attorney can help you resolve your issue.
Common Reasons for Title Insurance Disputes
Some of the most common reasons for title insurance disputes are listed below.
Named Beneficiaries – If a party is inheriting the title through a will or if they are being
given a gift, there could be confusion as to which party is affected by
Legally Marketable Title: For a property to enter the market there should be no liens, debts or other
encumbrances on it. Title insurance disputes often involve conflicts between
what it means to be a marketable title.
Limitations of owner rights: The regulations of limitations on owner’s rights varies depending
on the guidelines of your state. Some states place the responsibility
onto the buyer for finding defects. The rules of your state will affect
the terms of your title insurance.
Nonpayment of benefits: There can also be an issue of nonpayment of benefits. This could be because
both parties are in dispute of whether or not the insured party should be paid.
Retain a Skilled Naugatuck Real Estate Attorney
Due to the complexity of these issues, they often require litigation. If
you are having legal disputes with your title insurance, it is important
to contact a qualified
Naugatuck real estate lawyer.
Reach out to our team for more information. (203) 583-8299