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Patriot Title & Abstract Co.

Patriot Title & Abstract Company is a full service title insurance abstract company, authorized to issue commercial and residential policies through First American Title Insurance Company and Fidelity National Title, leading and internationally acclaimed title insurance companies. In addition to leveraging their underwriter’s expertise, their staff is comprised of motivated and educated attorneys and professionals. They strive to exceed their client’s expectations by providing the highest level of customer service and understanding every client’s individual need and sense of urgency with every transaction. Their extensive relationships include the tri state area's leading real estate attorneys, lenders, developers, mortgage bankers and real estate brokers.
A contract of insurance is provided to indemnify a purchaser, mortgagee or any other party with an interest in land, against an unknown defect of title or against a loss due to any encumbrance and lien that is defective or has not been disclosed when a property is acquired or mortgaged. As a rule, title insurance is intended to provide compensation in the event that an unknown defect impedes the use or subsequent sale of the property, together with an agreement by the insurer to defend lawsuits arising as a result of a defective title.  A title insurance policy is usually personal to the insured and is not assignable nor does it run with the land. A title insurance policy, like any other insurance policy contains exclusions and exceptions. 

The title insurance company provides title and closing services before, during and after the transaction. Before the closing, the title insurance company’s title department begins a process that ultimately ends with a title policy. This process starts with researching the seller’s property in the county records. The search process involves examining the chain of ownership of the property over time and examining the records for legal documents that might affect the property. For instance, the seller may have forgotten to pay the last tax bill and the county may have placed a lien on the property. The seller must resolve or satisfy any liens or conditions attached to the property prior to closing.

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