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What is Title Insurance? and Why Do I need it?

by Lakeshore Realty
  • What is Title Insurance?

Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.

Prior to the development of the title industry in the late 1800s, a homebuyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as assurance of home ownership. The buyer relied on the financial integrity of the grantor, attorney, or abstractor for protection. Today, homebuyers look primarily to title insurance to provide this protection. Title Insurance companies are regulated by state statute. They are required to post financial guarantees to ensure that any claims will be paid in a timely fashion. They also must maintain their own “title plants” which house duplicates of recorded deeds, mortgages, plats, and other pertinent county property records.

Why is title insurance needed?

Title insurance insures Buyers against the risk that they did not acquire marketable title from the Seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A Loan Policy of Title Insurance protects the interest of the mortgage lender, while an Owner's Policy protects the equity of you, the Buyer, for as long as you or your heirs (in certain policies) own the real property.

When is the premium due?

You pay for your Owner’s title insurance policy only once, at the close of escrow. Who pays for the Owner’s Policy and Loan Policy varies depending on local customs.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

  • Sold Properties by Lakeshore Realty Agents and Sold Lakeshore Realty Listings

Below we have a list of properties that were sold or listed by Lakeshore Realty Real Estate Agents.

 

 

907 Jennifer Dr.

Bed: 3
Bath: 2
Year Built: 1982
Sq. Ft.: 1609  

 

Days on Market: 38
Sold Date: 10/07/2011
Sold Price: $399,500 

Listing Agent:
Chris & Patti Plastiras

1079 Millcreek Rd.

 

Bed: 2
Bath: 2
Year Built: 1976
Sq. Ft.: 2247

 

Days on Market: 226
Sold Date: 10/12/2011
Sold Price: $775,750  

Listing Agent:
Pam Fernandez

 953 Dorcey Dr.

Bed: 5
Bath: 3
Year Built: 1992
Sq. Ft.: 2338

Days on Market: 472
Sold Date: 10/13/2011
Sold Price: $765,000

  Selling Agent:
Chris & Patti Plastiras

1098 Lucerne Way

Bed: 3
Bath: 3.5
Year Built: 1979
Sq. Ft.: 3344

 

Days on Market: 307
Sold Date: 10/14/2011
Sold Price: $550,000  

Selling Agent:
Yvette Shipman
  

929 Northwood Blvd.

Bed: 3
Bath: 3
Year Built: 1992
Sq. Ft.: 1918

 

Days on Market: 126
Sold Date: 10/13/2011
Sold Price: $591,000

 Listing Agent:
Jim Ellis        
 

947 Incline Way

Bed: 2
Bath: 2
Year Built: 1991
Sq. Ft.: 1089

 

Days on Market: 59
Sold Date: 09/27/2011
Sold Price: $386,500

Listing/Selling Agent:
Carole Madrid
  

 

549 Lakeshore Blvd.

Bed: 2
Bath: 2
Year Built: 1963
Sq. Ft.: 1218

Days on Market: 226
Sold Date: 10/07/2011
Sold Price: $775,000

 Listing/Selling Agent:
Chris & Patti Plastiras
  

 

557 Lakeshore Blvd.

Bed: 2
Bath: 2
Year Built: 1965
Sq. Ft.: 1168

Days on Market: 116
Sold Date: 10/20/2011
Sold Price: $690,000

 Listing Agent:
Lana Nelson  

 

136 Juanita Dr.

Bed: 1
Bath: 1
Year Built: 1974
Sq. Ft.: 753

Days on Market: 1
Sold Date: 09/23/2011
Sold Price: $219,000

 Listing Agent:
Peg Augustus

 

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by email or call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

  • North Lake Tahoe, Incline Village and Crystal Bay real estate sales reports for the first three quarters of 2011

Bellow we have some reports reflecting real estate sales in North Lake Tahoe extracted from the MLXchange System. These reports reflect real estate sales starting 1/1/11 through 10/1/11 in Incline Village and Crystal Bay. The first chart represents the number of sold properties in 2011,2010 and 2009 broken down by property type.

The following 3 reports reflect more detailed data for each category of sold properties.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

929 Fairview Blvd., Incline Village, Nevada

"The Perfect Tahoe Retreat"

  • 4 Bedrooms
  • 3.5 Bathrooms
  • 2 Fireplace's
  • 3465 Square Feet
  • Year Built: 1989

VIRTUAL TOUR

4,309 sq ft. of remaining coverage, subject to survey verification. New Carpet throughout neutral color!Forest views and peak of lake.Family/Game rm, cooks delight kitchen w/center island & cooktop.2 decks overlooking a very private setting of trees.

PRICE: $1,145,000

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

North Lake Tahoe Real Estate Sales September 2011 Comparison

by Lakeshore Realty
  • North Lake Tahoe Real Estate Sales September 2011 Comparison

- Please note that the report above was created using data extracted from the MLXChange System and reflects Residential Property sales.

To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

  • Financial Markets Update

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To access all the Incline Village and Lakeshore Realty listings please click here. You can also contact us by emailor call us at 775-831-7000. If you are in Incline Village, please visit us at 954 Lakeshore Blvd. Incline Village, NV 89451.

Displaying blog entries 1-6 of 6

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LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

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