Title Insurance

St. Tammany Parrish Real Estate Title Insurance Lawyer

Title insurance protects the insured from any title defects on your property. While all efforts are directed to finding all defects, there are times when a defect is missed or interpreted incorrectly. All lending institutions require title insurance on the property (collateral) they are lending funds on. Owners are strongly encouraged to purchase owner's title insurance for themselves. The lender policy protects the lender in the event the property ownership is challenged. It is their policy and does not offer any protection for the property owner.

Owning your property free and clear involves more than having a deed in hand.  A deed does not cancel certain prior "rights" and "claims" other people may have to your property -- rights whose existence you never suspected; claims that may go back in time months or decades to the earliest owners of your newly acquired property.

Contact Fletcher W. Cochran, LLC / First Title Corp of St. Tammany, to learn more about the benefits of title insurance. Since 1973, Attorney Cochran has represented his clients' best interests in real estate transactions.

Peace of Mind

An owner's title insurance policy provides you with peace of mind. It takes the risk out of acquiring property whose legal history is unknown to you. While there should be no risks in transferring property, they do exist. Through the years, your new property may have changed hands many times through sale, inheritance, foreclosure, or bankruptcy.  Each transfer was an opportunity for an error in title to arise. If an error occurred, and has never come to light, it puts your title in jeopardy.  You could lose your property and the money you paid for it.  And even if you successfully defend your rights of ownership, the cost in time and legal fees could be prohibitive.

Among the many risks against which title insurance protects you are:

• Confusion from similarity of names
• Forged documents
• Signatures of minors or mentally incompetent persons
• Mistakes in recording legal documents
• Undisclosed or missing heirs
• Fraud
• Invalid divorces
• Misrepresentation of marital status
• Unpaid taxes
• Clerical errors in public records
• Wills not probated

Contact Fletcher W. Cochran, LLC to speak with an experienced title insurance attorney today.

In the event you do not close with Fletcher W. Cochran, LLC / First Title Corp of St. Tammany, do at all times purchase title insurance.