Our Services
Why Title Insurance?
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
Policy Services
What is a Lender's Policy?
A lender's policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender's interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender's interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner's policy.
What is an owner's policy?
An owner's policy protects you, the purchaser, against a loss that may occur from a fault in the ownership or interest you have in the property. You should protect the equity in your new home with a title policy.
What does an owner's policy provide?
Protection from financial loss due to demands that may be charged against the title to your home, up to the cost of the title policy.
Payment of legal costs if the title insurer has to defend your title against a covered claim.
Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy.
Title Insurance
Why the seller needs to provide title insurance?
Any purchaser will need evidence that his investment in your property is free of title defects. The title insurance policy that you provide the purchaser is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership. It will reassure your purchaser that he or she is protected from any risks or losses and could help you close your deal.
Why the buyer needs title insurance?
Without title insurance, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. If this should occur, your title policy insures that you will be defended at no cost against all covered claims up to the amount of the policy.
How much does title insurance cost?
The insurance commission approves and controls the premiums for title insurance policies. The premiums are paid only once and the cost depends upon the purchase price of the property and the policy amount must be equal to the purchase price.
What does title insurance protect from?
- Undisclosed heirs
- Forged deeds, mortgages, wills, releases and other documents
- False impersonation of the true land owner
- Deeds by minors
- Documents executed by a revoked or expired Power of Attorney
- False affidavits of death or heirship
- Probate matters
- Fraud
- Deeds and wills by persons of unsound mind
- Conveyances by undisclosed divorced spouses
- Rights of divorced parties
- Deeds by persons falsely representing their marital status
- Adverse possession
- Defective acknowledgements due to improper or expired notarization
- Forfeitures of real property due to criminal acts
- Mistakes and omissions resulting in improper abstracting
- Errors in tax records
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Questions? Call: 940-567-2271
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Phone: 940-567-2271
Fax: 940-567-3999
Spiller Title
122 East Belknap Street Jacksboro, TX 76458
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Privacy Policy
Thank you for visiting Spiller Title's Website and reviewing our privacy policy. Your privacy is of great importance to us and our Website has been developed with that in mind. We recognize your right to know what information is being collected about you and how that information will be used. While information is the foundation of our ability to provide exceptional service, our most important asset is our customers' trust. Spiller Title is committed to protecting your privacy rights when using the Spiller Title service. Our privacy policy may be updated from time-to-time and you should check this page periodically for any changes.
The Spiller Title Website will contain personally identifiable information (name, e-mail address, or other unique identifier) only if specifically and knowingly provided by you. In some cases, the personally identifiable information you provide will be used to merely respond to your electronic inquiry and will not be maintained. In other cases, the personal information is necessary in order to provide you with the Spiller Title service.
Access to your personal information on the Spiller Title Website is password protected. We recommend that you not divulge your password to anyone. By not sharing your password, you will prevent others from accessing your personal information.
If you do nothing during your visit but browse through the Website and read the information contained on the Web pages, we will gather certain information about your visit automatically. This information does not identify you personally. We automatically gather the Internet domain (for example, "companyx.com" if you use a private Internet access account, or "myschool.edu" if you connect from a university's domain) and IP address (an IP address is a number that is automatically assigned to your computer whenever you are surfing the Web) from which you access our Website, the date and time you access our site and the pages you visit.
Spiller Title utilizes cookies solely for security and authentication purposes between Spiller Title and you. The transmission of this cookie is made from Spiller Title to you in an encrypted manner. Spiller Title does not utilize cookies in any way to collect or gather any information pertaining to your Internet use, trends, tendencies, habits, or sites visited.
If you send an electronic mail (e-mail) message that includes personally-identifying information, for example, in an e-mail message containing an inquiry, we will use that information to respond to your inquiry. In addition, in some cases, it may be used to send you follow-up information about products and services in which you have expressed an interest. Remember that e-mail is not necessarily secure against interception. If your communication is very sensitive, or includes information such as your bank account, charge card, or social security number, you should send it by mail unless our Website indicates the particular site is secured.
Where our Website allows you to use services or request information electronically, we will collect the information needed to fulfill your order or request, just as though your order or request had been made on paper. That information will be secure in transit to us and once received.
Websites that are provided and maintained exclusively by the third party vendors are not subject to this privacy policy. Please review the third parties' privacy policy to understand their personal information handling practices. We make no representations concerning the privacy policies of these third party Websites.
We do not sell customer lists or pass on other personal information to third party advertisers.
We may disclose any personal information if required or permitted to do so by law or in the good-faith belief that such action is necessary to (a) comply with legal processes served on us or otherwise comply with the law; (b) protect and defend the our rights or property or the rights or property of Spiller Title's users, and (c) act under exigent circumstances to protect the personal safety of Spiller Title's users or the public.
The Spiller Title Website is intended for exclusive use by adults with a bona fide interest in marketing services in the real estate area. Spiller Title does not knowingly collect any personal information from or about a child without the consent of the child's parent or legal guardian. By using the Spiller Title Website, the user is representing that he or she is an adult or has permission from a custodial parent or legal guardian to use the Website.
If you would like to contact us with questions or comments concerning our privacy policy, or if you believe that Spiller Title has not adhered to this privacy statement, please notify us by contacting the following:
Spiller Title
Attn: Privacy Policy
122 East Belknap Street
Jacksboro, TX 76458
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