In real estate, few things are as critical as ensuring accurate and well-maintained property ownership records. The title insurance industry is pivotal in securing these records and protecting homeowners, lenders, and other stakeholders from costly disputes and legal complications. However, the consequences can be severe when property ownership records are not curated effectively.

Drawing insights from the First American Whitepaper on Property Ownership Records and other industry reports, this blog explores the potential risks of neglecting to curate these records and the importance of title insurance in mitigating these risks.

In response to the work-from-home movement, remote notarization in Illinois came to fruition. Along with numerous other states, these notions sidestep the face-to-face commute for the closing process.

While initially inspired by the COVID-19 pandemic, remote notary laws stay in place. Now, they play a big role in the future of the title insurance industry and real estate as a whole.

Public record errors have a tremendous impact on property titles. Imagine this. You spend months searching for that perfect dream home. You gain preapproval and sign the contract. The closing process is going smoothly. All of the hard work was worth it, and it’s time to reap the fruits of your labor. Then, all of a sudden, you smash into a major wall.

The property title has public record errors. This wasn’t your fault. But what are the negative consequences?Usually, real estate industry professionals trust public records to be completely true and accurate. But mistakes do happen from time to time. Sometimes, those mistakes affect a homeowner’s title.