REAL ESTATE TITLE INSURANCE FAQ's

For most people, buying real estate will be the biggest investment they make in their lifetime. Steppacher Law's Reliable Abstract Company has more than 30 years experience in providing clients with dependable, efficient, and affordable title insurance service. Steppacher Law can provide you with the peace of mind that you deserve when purchasing real estate. For your benefit, we have compiled a list of commonly asked questions and their answers regarding title insurance. If you have any questions or are in the need of an affordable and dependable Title Insurance service, please contact us at (570) 346-8700.

What is Title Insurance?

Title Insurance is a contractual obligation between a purchaser of property and the Insurance Company by which the insurer, in exchange for a premium, protects the consumer against future losses which might arise from defects of title.

What are defects of title?

Although title defects vary, typical title defects include outstanding mortgages, liens, and unpaid taxes.

Why do I need title insurance?

When purchasing property, you expect and deserve to take ownership free from the financial obligations of others. Title insurance guarantees that when you close on a property, you are protected from future losses that might arise from title defects. If a previous owner had unpaid taxes or an unreleased mortgage, title insurance will protect you from having to assume those financial obligations.

Why choose Reliable Abstract Company?

Reliable Abstract, unlike many other title insurance companies, does not assess a standard legal fee to its real estate title insurance transactions. In addition, Reliable Abstract gives its clients the choice of who, among its experienced and knowledgeable agents, will represent them in all aspects of their real estate title insurance proceedings. As a small title insurance company, Reliable Abstract Company is proud to boast its high rate of client satisfaction, evidenced by a large volume of repeat clients.

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Main Office:
Steppacher Law
224 Adams Avenue
Courthouse Square
Scranton PA 18503