Sonora’s Community-Minded Title Company
Title Insurance Resources
No matter what type of real estate you are buying, having an experienced title and escrow agency advocating for you is crucial. Yosemite Title Company in Sonora, CA is the largest and oldest continuously operating title and escrow company in Tuolumne County. We have an excellent reputation for providing quality service, and are dedicated to serving our community. Title insurance resources and education are a huge part of what we offer our clients. Whether you are buying a home, investment property, or commercial real estate, we can help you obtain the coverage you need.
We Can Help You With Your Real Estate Transaction.
How much could I lose if a claim is filed against my property?
That depends on the problem. In a bad case, you could lose your whole house and property- and still owe money for your mortgage. Most problems aren’t that big, but even the little ones can cost you time, money, and worry, and you may have to pay for a legal defense.
How does title insurance protect my investment if a claim should arise?
If someone makes a claim against your property, title insurance will pay for a lawyer to help you. Title insurance will also pay the court costs and fees.
What is a title?
A title is the foundation of property ownership. It is the owner’s right to possess and use the property.
What is title insurance?
Title insurance protects you if there is a problem with your ownership. Even if there is a hidden hazard, you will not have to worry about losing your home.
Is there anything a title search can’t reveal?
Yes. There are some “hidden hazards” that even the most diligent title search may never reveal. For instance, the previous owner could have incorrectly stated their marital status, resulting in a possible claim by a legal spouse. Other “hidden hazards” include fraud and forgery, defective deed, mental incompetence, confusion due to similar or identical names, and clerical errors in the records. These defects can arise after purchasing your home and jeopardize your right to ownership.
What kinds of problems can a title search reveal?
A title search shows things that could be wrong with the property. This includes unpaid taxes, unsatisfied mortgages, judgments against sellers, and restrictions limiting land use.
Why is transferring title to real estate different from transferring the title to other items, such as cars, etc.?
Land title is permanent. This means many people can own the same piece of land over the years. Some people may have rights to parts of the land, like minerals, air, or utility rights. This means that they have permission to use those parts of the land. If you want to sell or give someone a piece of land, you need to ensure that no rights are outstanding. This means that no one has permission to use any part of the land.
What are the common ways of holding a title?
In California, people buying property ask their real estate, escrow, and title professionals this question every day: What is the best way to own property? These professionals can tell you different ways to own property, but they cannot tell you which one is best because that would be practicing law without a license.
What is DRE processing?
The Department of Real Estate is responsible for ensuring people don’t get tricked when buying a subdivision. This is to protect them from fraud or deceit. If someone wants to sell or lease a subdivision, they must first get a Public Report.
What is an escrow?
When people buy or sell a house (or other property), they usually have to transfer a lot of money. The money and related documents must be transferred safely between the buyer and seller. This is called the escrow process, and it protects the buyer, seller, and lender.