StepStone Realty, LLC
Faye Y Taylor

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What is Title Insurance? A Guide for Floresville Home Buyers and Sellers

Buying or selling a home is a significant financial decision, and it’s important to understand all the steps involved in the process.

One crucial aspect of the home buying and selling process is title insurance. Title insurance is a form of protection that helps ensure that the property you are buying or selling has a clear title and that you are protected from any potential legal issues related to the property. In this blog post, we’ll provide a guide for home buyers and sellers in Floresville on what title insurance is and how Faye Y Taylor with StepStone Realty can help answer any questions you may have.

What is title insurance?
Title insurance is a form of insurance designed to protect home buyers and lenders from financial loss due to defects in the title of a property. A title defect can arise from several issues, such as unpaid taxes, outstanding mortgages, judgments, liens, or other encumbrances on the property’s title. These defects can prevent the buyer from obtaining clear and marketable title to the property, which can have serious financial consequences. While typically the seller pays for the owners’ title insurance and the buyer pays for the lenders’ title insurance, that can be negotiable .

How does title insurance work?
The title company which is a 3rd party to the sale of the property. That means that the title company holds the earnest money, researches the title which means looks at all the transactions for this property in the past. Checking for loans, liens, unpaid property taxes, mechanic’s liens and any other type of encumbrance that might be on the title to the company. So at closing, the buyers are getting a property with no liens other than their new mortgage, in other words, a clean title.

In the event that such a title defect is discovered after closing, the title insurance policy is in place to protect the homebuyer. The policy will cover the cost of legal fees and any expenses related to resolving the title defect. This can include paying off an outstanding mortgage, satisfying unpaid taxes or liens, or even compensating the homebuyer for any loss of value in the property.

It’s important to note that there are two types of title insurance policies: owner’s title insurance and lender’s title insurance. An owner’s title insurance policy protects the homebuyer’s interest in the property, while a lender’s title insurance policy protects the lender’s interest in the property. Both policies are typically required by the lender in order to protect their investment in the property. 

Owner’s title insurance typically consists of a one-time fee paid at closing, and the policy remains in effect for as long as the homeowner owns the property. This means that if any title issues arise in the future, the homeowner is protected. The lender’s title insurance is also a one-time fee paid at closing, but the policy only remains in effect for as long as the mortgage is outstanding.

Title insurance is a crucial aspect of the home buying process that provides peace of mind and financial protection to homebuyers. It’s important to work with a reputable title company and carefully review all title documents to ensure that your investment is protected.

Why is title insurance important?
Title insurance is crucial because it protects homebuyers and lenders from financial loss due to title defects. A title defect is an issue that affects the ownership of the property, such as undisclosed liens, encumbrances, errors in public records, or fraudulent activity related to the title. These defects can prevent the buyer from obtaining a clear and marketable title to the property, which can have serious financial consequences. So when a contract goes into escrow, the title company starts their work on researching the property: deeds, owners, mortgages, tax liens, unpaid items like mechanic’s liens, property taxes, judgements, defects or anything that will affect the seller transferring clear title to the buyer. Those items are resolved (paid) before closing is finalized or if they cannot be resolved, the contract may be exited due to lack of clear title.

In this way, title insurance provides protection for the homebuyer by conducting a comprehensive search of all public records and ensuring that the property’s title is clear. Then when the title is determined to be clear, escrow continues to closing. The seller normally pays for title insurance for the buyer. The buyer pays for the lender’s title insurance policy. Title insurance also protects the seller ensuring that the title company is standing behind their work through the title insurance policy.

Title insurance is essential for both homebuyers and lenders because it provides peace of mind and financial security. It ensures that the property’s title is clear and that there are no undisclosed liens or encumbrances that could affect ownership rights. Without title insurance, homebuyers and lenders would be exposed to significant financial risks, including the possibility of losing their investment due to title defects. That policy is in place to help a buyer navigate an issue was missed on the title examination that was discovered after closing.

Title insurance for your Floresville property… 
Title insurance is an essential aspect of the home buying and selling process. It provides protection for home buyers and lenders from financial loss due to title defects. It also provides protection for the seller as the title company is standing behind their work. 

How can Faye Y Taylor with StepStone Realty help when buying or selling a home?
I understand that buying or selling a home can be a confusing and stressful process. That’s why I am committed to providing my clients with the information and resources they need to make informed decisions. Being an experienced real estate professional I am here to answer any questions you may have about title insurance and guide you through the entire home buying or selling process.

Whether you’re a first-time home buyer or a seasoned real estate investor, I am here to help. We’ll work together to understand your unique needs and provide customized solutions to meet your goals. My goal is to make the home buying or selling process as smooth and stress-free as possible, and I’m committed to providing the highest level of customer service.

At Faye Y Taylor with StepStone Realty, I’m committed to providing my clients with the information and resources they need to make informed decisions about title insurance and all aspects of the home buying or selling process. Learn more today to learn more about how we can help you achieve your real estate goals here in Floresville. (210) 216-7722 
 

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What my clients are saying  

Faye is the best!!!! She is always available and gives you all the information you need to know about the property. She is very knowledgeable and very professional. It doesn't matter what day you call her, she'll answer and will help you out. Thank you Faye!

 

~ Adam Arispe

She is the best, answered all my questions and concerns. Really professional. wouldn't go with anyone else. Thanks for all your help, you got me exactly what I and my family were looking for.

 

~ Sergio Decanini

I've had the pleasure of working with Faye Taylor for several years as her lending partner, and I can confidently say she is one of the most professional, dedicated, and client-focused realtors I’ve worked with. Faye consistently goes above and beyond for her buyers and sellers, ensuring they are informed, confident, and supported throughout the entire process. Her attention to detail, strong communication, and deep market knowledge make every transaction smooth and successful. It’s always a great experience partnering with Faye—she truly cares about her clients and it shows in everything she does.

 

~ Tom Romanello

Even after working with Faye, and buying a home, she continues to be there when I have a question or need info, even if she isn't getting anything out of it. Faye has been an exceptional help in finding the right property for us. She is so thorough and keeps us up to date on all changes in the area as far as pricing, etc. She never fails to give complete information on every property we ask about. Also, she is more than accommodating when we need to see a property, even in a rain storm.

 

~ Saundra Meyer

Ms.Taylor is the best agent. She is kind and cares about people she works with. I will recommend her any time.

 

~ AeSuk Sebastian

Fay is one of the hardest working and knowledgeable realtors you will find . It was a blessing that we found her. We dealt with a few realtors before finding fay and not one of them came close to having the knowledge that Fay has. She was amazing , she helps you to look at each situation. From every angle possible and was able to lay out almost every possible outcome for any situation that we dealt with. We ran into a lot of challenges when trying to purchase our home and it took a lot longer than anticipated because of the problems that arose. But Fay always knew what to do next and her advice was priceless. She never gave up no matter what challenge we face and worked harder than anyone I know. I swear sometimes I wondered when this woman slept because she was always working. I promise you will not find a better realtor . If your blessed with the chance to work with Fay don’t look anywhere else. She is everything and more than you could ask for.Thanks again Fay!

 

~ David Gruszka

We originally met Faye because she was representing the seller of the last house we bought. Two years later when we went to relocate, I immediately knew that I wanted Faye to help us sell our home. She was so professional and so very very knowledgeable in real estate - especially with Floresville and the surrounding areas with the first sale that it was without hesitation that we called her. I don’t think Faye ever let my calls go to VM, she always went the extra mile to make sure we understood every step of the process, made sure we knew all options we had and also that we were in charge. Having worked with her on both ends of a transaction, I can confidently say Faye is an incredible real estate agent and I would HIGHLY recommend her for any real estate transactions you have. We love Faye!

 

~ Heather Hammers

Faye Taylor helped my wife and I sell our first house. She made the whole process easy to understand and not overwhelming at all, as oppose to the other realtors we interviewed with. She was very a professional and kind lady and we are glad we had a chance to work with her. Highly recommended!

 

~ Jose Rios

We were so BLESSED to have found Faye as our Real Estate Agent. Moving from Idaho to Texas was a HUGE step for us and she made the process so easy. She listened to everything we wanted and found the PERFECT fit. She feels like family. She went above and beyond many times to do whatever was needed to make sure we were taken care of. Faye is very trustworthy. We felt confident through out the entire process. Less than two years later when we had to return to the west coast we never even considered another agent to see our home. Faye was the first person we called. If you are considering buying or selling a property FAYE is your lady. I recommend you call her, she will get the job done RIGHT.

 

~ Tonia O'Neil

If you're looking for real estate south of San Antonio, Faye knows the area inside and out! She goes above and beyond for her clients in her research, pre arranging & making the time to meet with you to show you the places, and she makes sure to take care of her clients during the whole process, as well as letting you know her honest thoughts on a property before you make any big decisions. Before we chose her, I did my research, and that's what many of her previous clients mentioned--and she was the same with us! I highly recommend Faye!

 

~ Jennifer Klanika

Because I live out of state, I selected Faye based on her reviews. I was looking for a local realtor based in Floresville to help my husband and I find a home there. After speaking with her on the phone I knew she was perfect. Through her connections she found us the home we wanted in a day and exactly where we wanted to live. From the very start to the very end she kept us in the loop and went out of her way to make everything run smoothly with this out of state transaction. Her contacts and connections are amazing. She makes things happen. Faye works hard for you and goes above and beyond to get you answers. I feel like I can call her a friend and I feel blessed that she was the one to handle this sale. We just closed on the house and we can't wait to meet Faye in person when we arrive next week. If you are looking for an agent with deep roots in the area of Floresville, Faye is absolutely the best!

 

~ Nancy Balogh

I have known Faye for many years. She was my realtor when I first started my home search many years ago. Faye has been a stalwart advocate for me in the entire process of buying and selling my home. She is honest and genuinely has the clients best interest at heart throughout the entire process. She is knowledgeable and thorough and readily available whenever needed. Though buying and selling a home can be a difficult undertaking Faye makes it easy. I recommend Faye to all of my friends and family because I trust her. In the future I would not hesitate to enlist her again for any real estate endeavor I might undertake. Thank you Faye!

 

~ Terry Lem

Faye listed our home for sale around Christmas time. The house had an offer in 2 weeks and we closed shortly after. She has the knowledge to guide you in all the aspects of selling. We feel very comfortable with her, like we’ve known her forever. She let us make all the decisions and answered all of our questions and concerns with great advice.

 

~ Richard Batson

Faye was very knowledgable on all aspects of buying and selling. She was available for questions anytime. Very friendly and knows a lot of people in the community.

 

~ Carol Schumaker

Excellent service. Caring and goes beyond expectation. Highly recommend.

 

~ S Virani

Faye was the 3rd Realtor I interviewed to help me sell land in Atascosa. She was the only one to research the utilities on site,, provide us the info and we ended up getting 3 offers, all asking price or over! Highly recommend her!

 

~ Erika Hizel

Faye made buying our home in Floresville so easy. She was very professional and went above and beyond to make sure we ended up with the perfect house for our needs. She was knowledgeable on all the aspects of purchasing a home and worked around our wild and busy schedule. We would definitely recommend her to anyone looking to purchase a home.

 

~ DeAnne Harris

We moved from San Diego to La Vernia. It’s difficult trying to find houses long distance but our agent put us in touch with Faye Taylor and she went way beyond the call of duty to make sure she found exactly what we needed. She kept in constant communication with us and sent us updates on new properties often. She is extremely knowledgeable in all areas of real estate. She would go out to properties we were interested in and get back to us immediately with her findings. When we met it felt like meeting an old friend. We still keep in touch. She’s great! We highly recommend her.

 

~ Christina Moreno-Marroquin

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