Why Pruitt Title?
9 Reasons Why Real Estate Professionals Choose Pruitt Title
Protect Your Real Estate Investment
At Pruitt Title, the security of our title insurance policyholders is our top priority. Together with our underwriter, First American Title Insurance Company, we provide you with the financial strength and stability you need. First American is one of the largest and most respected title insurance companies in the nation, offering unmatched protection in the event that ownership of your property is ever challenged.
When measuring financial strength in the title insurance industry, First American Title Insurance Company stands as a clear leader. A title company's strength can be seen in its claims-paying ability and financial reserves. First American's robust financial position and long-standing industry leadership provide the security that homeowners and real estate professionals in the DMV need when protecting their most valuable investments.
Choose a title company that you can depend on for many years to come. Let Pruitt Title and First American protect you from future claims or losses of title due to defects created by past events. Your homeowner's title insurance policy remains in effect as long as you or your heirs retain an interest in the property. Pruitt Title brings you peace of mind knowing that your investment in Washington D.C., Maryland, or Virginia is a safe one.
21 Reasons For Title Insurance
A fire destroys only the house and improvements. The ground is left. A defective title may take away not only the house but also the land on which it stands. Title insurance protects you (as specified in the policy) against such loss.
A deed or mortgage in the chain of title may be a forgery.
A deed or a mortgage may have been signed by a person underage.
A deed or a mortgage may have been made by an insane person or one otherwise incompetent.
A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.
A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.
The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.
A deed or mortgage may have been procured by fraud or duress.
Title transferred by an heir may be subject to a federal estate tax lien.
An heir or other person presumed dead may appear and recover the property or an interest therein.
A judgment or levy upon which the title is dependent may be void or voidable on account of some defect in the proceeding.
Title insurance covers attorneys' fees and court costs.
Title insurance helps speed negotiations when you're ready to sell or obtain a loan.
By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.
Title insurance reimburses you for the amount of your covered losses.
A deed or mortgage may be voidable because it was signed while the grantor was in bankruptcy.
Each title insurance policy we write is paid up, in full, by the first premium for as long as you or your heirs own the property.
There may be a defect in the recording of a document upon which your title is dependent.
Claims constantly arise due to the marital status and validity of divorces. Only title insurance protects against claims made by non-existent or divorced "wives" or "husbands."
Many lawyers, in giving an opinion on a title, protect their clients as well as themselves, by procuring title insurance.
Over the past several decades, claims have risen dramatically.
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