Unformatted text preview: Shane Christy 2 October 2007 SUR 4403 Cadastral Title Insurance Assignment The trip to the title insurance company was very useful in that it exposed us to what is involved in title research. The main goal of a title insurance office is to research the title of any given property and “guarantee” it to be free and clear of any discrepancies. To put it in a different light if someone comes forth later with a claim that is valid, the title insurance company has to settle (claiming liability) with the person, or company. The clientele for a title insurance company include many surveyors doing research on legal descriptions, and mortgage companies who would like their mortgages insured for clear title. Title insurance companies are especially helpful to surveyors because they hold some of the oldest records on file in the areas they work in. According to law, it isn’t required for a buyer to get title insurance; still it may be in the best interest of the buyer in case someone comes forth with a claim. insurance; still it may be in the best interest of the buyer in case someone comes forth with a claim....
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This note was uploaded on 03/18/2009 for the course SUR 5000 taught by Professor Kiker during the Spring '09 term at University of Florida.
- Spring '09