INYO-MONO TITLE COMPANY

TRUST A LOCAL FAVORITE

" THERE IS A DIFFERENCE "

SERVING INYO-MONO COUNTIES SINCE 1913

TITLE INSURANCE

COMPLETE ESCROW SERVICES

LOCALLY OWNED & OPERATED

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WHAT IS TITLE INSURANCE

Included in the cost of a title search is title insurance. Title insurance guarantees that no errors have been
made in the title search and that there are no errors in the public records. Title insurance also protects
against undisclosed title defects, that, no matter how thorough a search is made, cannot be discovered from
the public records.

EXAMPLES ARE:

*Forged signatures

*False impersonation

*Instruments executed under expired or revoked powers of attorney

*Delivery of a conveyance after the death of the grantor

*Homestead rights of a spouse

*Undisclosed heirs

*Deeds by minors or persons of unsound mind

*Deeds by a corporation without proper legal authority

*Misrepresentation of marital status

*Errors of recording officials

*Fraud or duress in obtaining signatures

Title insurance allows national lenders to make mortgages in California. An out of town lender may not be
familiar with local practices and title insurance gives the lender the security it requires.

For the seller, title insurance assures quick and easy closings. He must prove to any buyer that he has a
good title to his house with no liens. By furnishing a title search and insurance to the buyers in the amount of
the sales price, he proves this title and our company guarantees it. Our work allows many prospective
parties to buy his home with confidence. When you have an insured title you eliminate delays and
technicalities when passing your title on to someone else. In the event of an attack on the title, the rights of
the insured are protected even if it means going to court, and if the claim is established, the LOSS IS PAID
up to the limits defined in the policy.

WHAT IS A TITLE SEARCH

Land is the basis of all wealth, and because real estate is the only asset that cannot be moved or hidden,
every possible party seeks it out for lien rights, the right to put something against the title for security
purposes. To build homes, factories, schools, and offices, people must first acquire land. Because
ownership of real estate is so basic to our society, special laws have evolved which deal with land. For
this reason, a title search is important in the purchase of any property. A title company , in it's searches,
will consider many items such as mortgages, real estate taxes, special assessments, judgements, federal
tax liens, other goverment liens, mechanics liens, decendents, court proceedings,covenants, conditions
and restrictions, easements, and surveys

WHAT IS ESCROW SERVICE

As an additional service, title companies will handle escrows. There are various types of escrows. The most
common in California is simply a disbursement service where the title company acts as an agent on behalf of
the lending institution and the buyer and seller. The title company pays all real estate taxes, special
assessements, prior mortgages, reviews all deeds, surveys and other documents, records all documents,
draws checks and prepares an accounting of all funds disbursed. The cost of this service is generally paid by
the buyer.