| Title Insurance Services |
“Second Generation” EAGLE PoliciesFirst American Title Insurance Company’s “Second Generation” EAGLE Loan Policy – also known as the ALTA Expanded Residential Loan Policy adopted by the American Land Title Association in February 1997 – provides expanded coverage for the lenders on one-to-four family residences, including condominiums. The EAGLE Loan Policy provides more coverage automatically than any previous loan policy. It affords all of the superb protection of a 1992 ALTA Loan Policy – plus 19 important new coverages and other valuable protections. Many of the coverages, including post-policy coverages included in this version of the EAGLE Loan Policy were developed by First American “first” in our “First Generation” EAGLE Loan Policy. Some coverages have traditionally been offered only by endorsement, which had to be specifically requested. All of the excellent coverages of the EAGLE Loan Policy are in addition to the legal defense benefit always provided by title insurance to afford the lender added protection without reducing the policy amount. In addition, the policy amount now increases automatically for you. First American recognizes that when a lender’s coverage is limited to the original loan amount, that amount is often inadequate to fully compensate for an actual loss. That is why our new EAGLE Protection Loan Policy automatically provides a policy limit of 125% of the stated insurance amount. All this protection is available in this single package – the EAGLE Protection Loan Policy. You no longer need to request additional coverage by endorsement. Now, the most far-reaching, endorsement-inclusive policy in the industry provides the protection you’ve asked for…and much more. Second Generation EAGLE Owner’s Policy – Your Best ProtectionTo insure the investment made in your home against title risks, you need an Owner’s Policy of Title Insurance. First American Title Insurance Company’s EAGLE Policy also known as the ALTA/CLTA Homeowner’s Policy of Title Insurance provides expanded title coverage for owners of one-to-four family residences, including condominiums. The post-policy coverages automatically included in the EAGLE Policy offer the highest level of protection available to the nation’s growing family of homeowners. What’s more, the EAGLE Policy never expires, even when the homeowner no longer holds title. At this time, no other policy offers a broader, more comprehensive, more reassuring range of coverages for the homeowner – that’s why the EAGLE Policy has become the industries standard of care. Another extraordinary feature of the EAGLE policy is that coverage amounts increase annually under the EAGLE Policy. First American will increase the amount of coverage under the EAGLE policy by 10% of the original amount in each of the first five years! This helps homeowners cover increases in the value of their property by raising the limit of insurance protection. An Owner’s Policy will insure against title defects such as:
In addition, First American’s EAGLE Owner’s Policy provides the following exceptional coverages which title insurance companies have not historically provided:
“This policy insures you forever, even after you no longer have your title.” All other policies terminate when the homeowner gives up title to a property and no longer has liability under title warranties made to a buyer or lender – but not the EAGLE Policy. It is paid for just once, but it lives forever! Additional benefits of an Owner’s Policy:
Escrow Services
First American provides both Real Estate and Mortgage escrow services, with more than 20 conveniently located offices statewide. As facilitators of the escrow transaction, the escrow agent is an impartial third party whose authority is strictly limited to the instructions provided by the parties involved (Buyer/Seller/Lender). These instructions are contained within the purchase agreement and/or lenders instructions.
Equity Services
Searching ServicesFirst American provides a variety of search products to specifically meet the needs of the customer. To provide these services we maintain a team of well trained and experienced abstracters/searchers throughout the state. We offer centralized ordering to provide prompt delivery of our products and meet the customer’s expectations. The following is a basic list of searching services available at First American: Abstracting - Summary of the title's history for a particular parcel of real estate.
Tax Searches
Name Searches
Radius Searches
Searching products will be customized to meet the requirements of the customer. |