Luxury Home Magazine

B uying a home is probably the largest investment you will make in your lifetime. It is a complex finan- cial transaction encompassed by important details that should be prudently considered and clearly understood. The process has be- come exceedingly complicated, with piles of paperwork and docu- ments. Many fees reflected on a settlement statement may come as a surprise to you as the buyer. Title insurance is one of those charges that may not be clear to you. However, it is important that you understand the value of title insurance and the dangers that can be encountered without it. There are two important con- cerns you should be aware of when you purchase a home: 1) Does the seller really own the property? And 2) Are there problems with the house that can adversely affect your use and enjoyment of the property, resulting in financial loss? There are two important concerns you should be aware of when you purchase a home: s Does the seller really own the property? And s Are there problems with the house that can adversely affect your use and enjoyment of the property, resulting in financial loss? A title search and title insur- ance can address these potential concerns. When title insurance is purchased, the protection is based on a title search of the pub- lic records that traces the chain of ownership of the property and in- cludes a guarantee that the title is accurate. Other forms of insurance, such as life and medical, function as risk assumption. The primary purpose of title insurance is to disclose your risks so that they can possi- bly be eliminated to prevent future losses. In Hawaii, the chain of owner- ship could extend back to 1846. Title Guaranty (TG), Hawaii’s largest kama’aina company, has been doing title searches since its beginning in 1896. TG’s title ex- perts have the knowledge and ex- perience to accurately produce an extensive search utilizing public records along with TG’s over 100 years of accumulated proprietary data and records. As you look to buy a new home, rest assured that the title insur- ance fee is a small expense that will guarantee your large investment. With this financial security, you can enjoy your home for a lifetime! MIKE B. PIETSCH CHIEF OPERATIONS OFFICER TITLE GUARANTY “Title Guaranty dates back 115 years. We pride ourselves on delivering reliable and precise title services, assuring coverage of the property for the duration of time it is owned.” TITLE INSURANCE GUARANTEES YOUR INVESTMENT P R E S E N T E D B Y T I T L E G U A R A N T Y E S C R OW S E R V I C E S Title Guaranty is Hawaii’s choice for title and escrow with 17 branch locations statewide. Visit us online at www.tghawaii.com L uxury L iving P A C I F I C 72 TM