Title Services

The First Time You Close with Great Oak Title Services you will Understand the Difference. We provide Service and Expertise Beyond your Expectations.

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Great Oak Title Services, LLC works with lenders, buyers, sellers and real estate agents in order to process and close your transaction in an efficient, timely and accurate manner. From title examination, document preparation, closing, disbursement, recording and post closing policy writing along with general problem solving, we are here to ensure your closing is completed smoothly and stress-free. Below is information regarding title insurance and how Title insurance can protect you and your lender.

Why Title Insurance?

There are two types of Title Insurance:

Lender's Coverage (required in most financing) and Owner's Coverage.

Lender's coverage insures the Lender's interest against title defects. This coverage decreases over time as the loan is paid off and ends when the loan is fully paid off and discharged. It protects the Lender in case the Lender becomes the owner of the property upon foreclosure.

Owner’s title insurance charges a one-time premium which is paid when you purchase your property and it protects you from title defects for as long as you own the property (and, in many cases, even after it is sold). Owner's Coverage is intended to protect you - the property owner - from defects in title that could have significant impact on your interest in the property and its marketability. Even a minor defect in title can cost much more to correct than the cost of the Owner's Title Insurance. Furthermore, the value increases 10% each year for the first five years of ownership. The title insurer will defend claims at no cost to you.

Is Owner's Title Insurance really necessary?

Hidden risks are potential title problems, which even the most scrupulous examination by the most experienced team of title search professionals may not uncover until months or even years after a property is sold. The end result can be a loss of property, costly lawsuits and, of course, delayed closings. For far less than costly lawsuits and legal advice, Owner's Title Insurance is your best protection - forever - against the unforeseen. We offer solid coverage, at nominal cost, for both lenders and owners.

Examples of Hidden Risks:
Clerical errors made at the Registry
Forged documents
Deeds executed by persons of unsound mind
Deeds made by minors
Falsification of records
Previously undisclosed heirs
Improper legal description recorded
Use of an expired power of attorney
Title taken as a result of an improperly probated will
False representation of the true owner of the property
Improperly indexed liens on a property, undiscoverable by a diligent search

Call or email us today to find out how we can assist you in your real estate needs.

Great Oak Title Services, LLC • Elizabeth A. Moreau, Esq.
45 Bay Street, Manchester NH 03104 • E-mail bmoreau@greatoak-ne.com
Office Phone: 603-232-4241 • Fax 603-647-0210