Listing of current legal owner, mortgages, liens, taxes and assessments, property leases, or easements.

You are not required to purchase title insurance for yourself, but your lender may require a lender’s policy.

Title insurance rates vary from state to state and are calculated on several factors, including location and type of policy.

No. An owner’s title insurance premium is a one-time fee that keeps the policy in force as long as you own the property.

No. A lender’s policy is to protect your mortgage holder against losses during the duration of the loan. A separate owner’s policy must be purchased to protect the owner’s interests.

Not always. There may be legal documents that are not filed, forgeries of signatures, or other irregularities that are not discovered in a title search.

Financial stability should be the number one factor in choosing a title company. A solid record of financial stability over time will ensure that they will be there when you need them.

Milligan-Reynolds Guaranty Title Agency Inc. provides title searches and title insurance for both residential and commercial property. We also offer real estate closing services for new purchases and refinances, along with construction funds disbursement for both residential and commercial projects.