Company:1st Service Title & Closing Inc.Current Opportunities (0) Company Website Location(s):18000 W. Sarah LaneSte 170 Brookfield, WI 53045 Map Location Phone:(262) 7949000Fax:(262) 7949003Industry:Real EstateSize:11-19 |
Company OverviewBuying any kind of real estate could very well represent the largest single investment a person ever makes.A policy of Title Insurance is a contract of indemnity between the insured and the insuring company relating to the title of the land described in the policy, protecting the insured against loss of damage by reason of defects, liens or encumbrances of the insured title existing at the date of the Policy and not expressly accepted from its coverage. The Policy is issued after a complete search and examination of the public records that shows the condition of the record title, including any money obligations outstanding against the property, easements and other matters which may affect the rights of ownership, possession and use of the property. The search process can be undertaken by 1st Service Title & Closing Inc., throughout the State of Wisconsin. However the search is performed, in most real estate transactions today a title insurance policy is purchased to assure the buyer that he or she has purchased a valid title. In those transactions where title insurance is involved, 1st Service Title & Closing Inc. must determine insurability of the title as part of the search process. This leads to the issuance of a title policy, which insures the existence or non- existence of rights to the property. 1st Service Title & Closing Inc will defend the title and will pay losses within the coverage of the policy if they occur. |