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The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Property records show an LLC formed by Nick Berry, one of the founders of Berry-Rock, bought the Houstons’ Midwest City home in May 2023 for $165,000. Houston and her husband signed rental and ...
Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
A tax deed allows you to purchase a property at auction--and actually own the home once you win the auction. A tax lien is a legal claim placed on a home for taxes owed--and the lien is sold to an ...
Personal property coverage. Coverage for your personal belongings will pay for the value of your damaged or lost possessions, including furniture, electronics, clothing and collectibles. Even ...
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