Tuesday 08 April 2014
Posted by: Westcor International
Property Transactions: How Title Indemnity has evolved in the Irish Market At some stage in their career working within property law, the solicitor will be faced with a situation where their client maybe challenged on the grounds of their right of title. The property can become an unacceptable proposition to the purchaser and lender alike, and chains collapse. Resolving such title problems can be expensive, time consuming and stressful. Title insurance protects owners from unexpected third party challenges against any defects in title which may affect an owner?s ability to use or develop the property. The cover provided by our title insurance enables land to be developed, mortgaged and used, notwithstanding a range of title defects; for example, restrictive covenants or defects in the legal access to land.