{"id":141,"date":"2024-10-29T11:07:47","date_gmt":"2024-10-29T11:07:47","guid":{"rendered":"https:\/\/cloud04.titletapsites.com\/nebtitleco\/?page_id=15402"},"modified":"2024-10-29T11:07:47","modified_gmt":"2024-10-29T11:07:47","slug":"faqs","status":"publish","type":"page","link":"https:\/\/cloud.titletapsites.com\/kstitle\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” module_class=”tt-section-inner-pages” _builder_version=”4.24.2″ _module_preset=”default” saved_tabs=”all” global_colors_info=”{}”][et_pb_fullwidth_post_title meta=”off” featured_image=”off” text_color=”light” module_class=”tt-home-hero tt-inner-hero” _builder_version=”4.24.2″ _module_preset=”default” title_font_size=”50px” use_background_color_gradient=”on” background_color_gradient_stops=”rgba(0,0,0,0.5) 0%|rgba(0,0,0,0.5) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(0,0,0,0.5)” background_color_gradient_end=”rgba(0,0,0,0.5)” background_image=”https:\/\/kstitle.com\/wp-content\/uploads\/sites\/208\/2025\/02\/Depositphotos_484702274.jpg.webp” text_orientation=”center” custom_padding=”250px||250px||true|false” hover_enabled=”0″ title_font_size_tablet=”40px” title_font_size_phone=”26px” title_font_size_last_edited=”on|phone” global_colors_info=”{}” alt=”Real estate agent giving key to happy young couple in new house, focus on hands” title_text=”Real estate agent giving key to happy young couple in new house, focus on hands” sticky_enabled=”0″][\/et_pb_fullwidth_post_title][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” custom_padding_last_edited=”on|tablet” padding_top_2=”0px” padding_bottom_2=”0px” padding_top_bottom_link_2=”false” padding_left_right_link_2=”false” _builder_version=”4.16″ custom_padding=”70px||70px||true|false” custom_padding_tablet=”54px||54px||true|false” custom_padding_phone=”” global_colors_info=”{}”][et_pb_column type=”2_3″ specialty_columns=”2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner admin_label=”Row” _builder_version=”4.16″ custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”TT – Sub Header” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||10px||false|false” locked=”off” global_colors_info=”{}”]<\/p>\n

FAQs<\/h2>\n

[\/et_pb_text][et_pb_accordion open_toggle_text_color=”#ffffff” open_toggle_background_color=”#1E1F85″ closed_toggle_background_color=”#000066″ icon_color=”#ffffff” _builder_version=”4.24.2″ _module_preset=”default” toggle_text_color=”#ffffff” toggle_level=”h4″ body_text_color=”#ffffff” global_colors_info=”{}”][et_pb_accordion_item title=”Your Title Goes Here” _builder_version=”4.24.2″ _module_preset=”default” custom_css_main_element=”display:none;” global_colors_info=”{}” open=”on”]<\/p>\n

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[\/et_pb_accordion_item][et_pb_accordion_item title=”Q. WHAT DOES TITLE INSURANCE INSURE? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]A. Title Insurance offers protection against claims resulting from various defects (as set out in the policy) which may exist in the title to a specific parcel of real property effective on the issue date of the policy. For example, a person might claim to have a deed or lease giving them ownership or the right to possess your property. Another person could claim to hold an easement giving them a right of access across your land. Yet another person may claim that they have a lien on your property securing the repayment of a debt. [\/et_pb_accordion_item][et_pb_accordion_item title=”Q. HOW MUCH CAN I EXPECT TO PAY FOR TITLE INSURANCE? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]A. This point is often misunderstood. Although the title company or escrow office usually serves as a meeting ground for closing the sale, only a small percentage of total closing fees are actually for title insurance protection. Your title insurance premium may actually amount to less than one percent of the purchase price of your home and less than ten percent of your total closing costs. The title policy is good for as long as you and your heirs own the property with the payment of only one premium. [\/et_pb_accordion_item][et_pb_accordion_item title=”Q. WHO WILL PAY FOR TITLE INSURANCE CHARGES, THE BUYER OR THE SELLER? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]A. Surprisingly, \u201cwho pays\u201d is not uniform. In some areas the buyer will pay while in others the seller will pay. In some places, the seller will pay for the owner\u2019s title policy and the buyer will pay for the lender\u2019s policy. But in every case, the question of who pays closing costs is a matter of agreement between the buyer and seller. Usually this agreement is based on the customary practice in your area.[\/et_pb_accordion_item][et_pb_accordion_item title=”Q. WHY ARE SEPARATE OWNER\u2019S AND LENDER\u2019S TITLE INSURANCE POLICIES ISSUED? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]A. Both you and your lender will want the security offered by title insurance. As the owner, you will want assurances that the home is yours and that you are protected against certain title defects. Your lender will likely want title insurance in order to protect its loan security interest, and may even be required to have a lender\u2019s policy in place in order to sell the loan to secondary market investors. [\/et_pb_accordion_item][et_pb_accordion_item title=”Q. WHAT ARE MY CHANCES OF EVER USING MY TITLE POLICY? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]A. In essence, by acquiring your policy, you derive the important knowledge that recorded matters have been searched and examined so that title insurance covering your property can be issued. Because title insurance companies are risk eliminators, the probability of exercising your right to make a claim is very low. However, claims against your property may not be valid, making the continuous protection of the policy all the more important. When a title company provides a legal defense against claims covered by your title insurance policy the savings to you for that legal defense alone will greatly exceed the one-time premium.[\/et_pb_accordion_item][et_pb_accordion_item title=”Q. WHAT IF I AM BUYING PROPERTY FROM SOMEONE I KNOW? ” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” global_colors_info=”{}” open=”off”]<\/p>\n

A. You may not know the owner as well as you think you do. People undergo changes in their personal lives that may affect title to their property. People get divorced, change their wills and engage in transactions that limit the use of the property and have liens and judgments placed against them personally for various reasons.<\/p>\n

There may also be matters affecting the property that are not obvious or known, even by the existing owner, which a title search and examination seeks to uncover as part of the process leading up to the issuance of the title policy.
Just as you wouldn\u2019t make an investment based on a phone call, you shouldn\u2019t buy real property without assurances as to your title. Title insurance provides these assurances.<\/p>\n

The process of risk identification and elimination performed by the title companies, prior to the issuance of a title policy, benefits all parties in the property transaction.<\/p>\n

Title Insurance minimizes the chances that adverse claims might be raised, and by doing so reduces the number of claims that need to be defended or satisfied. This process keeps costs and expenses down for the title company and maintains the traditional low cost of title insurance.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Q. What is the difference between a standard title policy and homeowner\u2019s policy of title insurance?” open=”off” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||15px||false|false” link_option_url=”https:\/\/kstitle.com\/wp-content\/uploads\/sites\/208\/2025\/01\/Standard_vs_Enhanced__ALTA_Policy.pdf” link_option_url_new_window=”on” global_colors_info=”{}”]<\/p>\n

\"Standard<\/a> \"Standard<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Q. What is Tenancy?” _builder_version=”4.24.2″ _module_preset=”default” custom_margin=”||0px||false|false” global_colors_info=”{}” open=”off”]<\/p>\n

Tenancy refers to the way in which individuals or entities hold title to real property. It defines the rights and responsibilities of the co-owners, including how the property can be transferred, sold, or inherited.<\/p>\n

Sole Ownership<\/strong>
One person or entity owns the property outright.<\/p>\n