Polk County Title Services, Inc

Services

Products and Services | Definitions of Terms

Title Services
Protection against costly or troublesome title problems begins with an owners and/or lenders title insurance policy. Our experienced and knowledgeable team will work with you to determine what will best meet your needs in this fast-paced industry. As an agent for First American Title Insurance Company, Stewart Title Guaranty Company, and Chicago Title Insurance Company, we will issue a title insurance policy that provides you with the best coverage.

Closing Services
The final step in buying or selling a property is the closing. Polk County Title Services, Inc. is a settlement agency that is committed to providing our customers with the services required to close the transaction in a prompt and accurate manner. Our experienced staff gathers all the preliminary information for your closing and assists in resolving title issues or other problems that may arise before closing to ensure your transaction is completed with ease.

Escrow Services

NEED A CLOSING? WE ARE THERE!

Polk County Title Services, Inc. recognizes the most important service we provide is the assurance that your transaction will close with the borrower/buyer being completely satisfied.

Polk County Title Services, Inc. utilizes a variety of closing methods designed to maximize your and your borrowers' comfort level and to ensure that your transaction closes in an efficient manner. We offer the following:

	Insured Closings Mobile Closers (we will travel to you or your customer) 1031 Exchange Preparations and Intermediary Services Escrow Agreements and Services Legal Document Preparation (We are owned by Attorney Robert L. Loberg) Any needed Title Clearing Documents or Closing Documents can be prepared for you
	Contact: Lindsay Green Amy Monson

Abstract Services
Polk County Title Services, Inc. offers a wide variety of abstracting services customized to meet the special needs of our customers. Our experienced staff maintains the only complete tract index in Dunn County which allows us to offer complete, accurate service with prompt turnaround times on all our abstract services.

Fee Schedule
Giving fast, accurate service at very competitive rates is always our goal. A list of basic fees for closing and abstract services is provided. If you would like a quote on title insurance or other services not listed, please contact us at 715-268-4524.

Definition of Terms

Title Insurance Commitment:
Issued by a title insurance company and contains the conditions under which a title insurance policy will be issued.

Title Insurance Policy:
A contract of title insurance under which the insurer, in keeping with the terms of the policy, agrees to indemnify the insured against loss arising from claims against the insured interest.

Lender’s Policy:
A title insurance policy insuring a lender against loss caused by invalidity or unenforceability of a lien, or loss of priority of the mortgage.

Owner’s Policy:
A title insurance policy insuring an owner of real estate against loss occasioned by defects or unmarketability of the owner’s title.

Underwriter:
An insurance company that issues insurance policies.

Simultaneous Issue:
An Owner’s Policy and a Lender’s Policy issued by a title insurer on the same interest at the same time. Note: Lender’s Policy amount not to exceed Owner’s Policy amount, without incurring additional fees.

Reissue Rate:
A reduced rate of title insurance premium where the owner of the land has been previously insured by an Owner’s Policy by the insurer within a certain time.

Polk County Title Services, Inc. provides title insurance and insured closing services from First American Title Insurance Company, Stewart Title Guaranty Company. These are two of the top three underwriters in the state of Wisconsin.

Follow these links from our underwriters to find more information about how title insurance can protect your most important investment:

With few exceptions, a home represents the largest single investment most people make in their lifetime. Thus it is only natural that an owner will want to make that investment secure by protecting the basic proof of ownership. Title insurance is the most effective and low cost way of doing just that.

What is Title Insurance?
Title Insurance is an insurance policy that protects you, the insured, from claims on the property in regard to ownership. It protects you against problems that occurred before you became the owner of the property. Title insurance also defends you in the case of anyone filing a claim against your property. Defending your property against a false claim can be costly and time consuming.

Wouldn't an abstract show property limitations and restrictions?
Maybe - and maybe not. An abstract is a history of the property title as revealed by the public records. Abstracts may contain errors and do not disclose "hidden hazards" that can threaten your property title if you do not have a title insurance policy.

What type of problems does Title Insurance protect me from?
Some of the most common problems covered by title insurance include fraud, forgery, judgements, unpaid taxes, liens, and other defects that could affect ownership rights to your property

Are there different types of Title Insurance policies?
Yes. There are two basic types of policies; the first is an Owner's Policy and the second is the Lender's Policy. The owner's Policy protects the interest of the real estate owner, while the Lender's Policy protects the interest of the lender or mortgagee.

When does Title Insurance expire?
never. Your Owner's Policy protects you and your heirs even after you no longer own the insured property. A Lender's Policy terminates when the insured mortgage is satisfied.

Who is responsible for the Title Insurance, the seller or buyer?
The seller in a real estate transaction is responsible for providing an Owner's Policy to the new owner.

What is the cost of Title Insurance?
When you call for a quote on Title Insurance, our examiners will ask you a few simple questions before quoting you a price. They will need to know:

What is prior title evidence?
That is the title you received when you either acquired the property or last refinanced you property.

Is all Title Insurance the same from all companies?
There is a difference in title companies and their agencies. It is important to select a company that has a solid reputation and takes the time to discuss your needs.