Property

• Title Insurance
  Our underwriters have introduced the new Homeowners’ Title Insurance Policy offering expanded title coverage for owners of one-to-four family residences, including condominiums. No policy issued by any company in the title industry has ever offered a broader, more comprehensive, more reassuring range of coverages for the homeowner.

Natural Disaster

• Flood Insurance
  The Mortgage Deed contains many conditions of performance upon the Buyer.  Chief among these are 1) Payment of the terms and conditions of the Mortgage Note, 2) Payments of Real Estate Taxes on the property; 3) Protection of the property with Hazard Insurance and Flood Insurance Policies and the continuation of the premium payments with the Lender as the loss payee; 4) Preservation of the Property in terms of condition and valuation; 5) Use restrictions including the limitation on changes to the use (Owner Occupied) and zoning of the property to a residential 1-4 family residential structure and 6) Payment  in full of all funds due upon the transfer by the Buyer of their ownership interest to a third party (Due on Sale).  Failure of the Buyer to perform these conditions are referred to as “Default”.  The Mortgage Deed stipulates the terms and conditions whereby a Buyer can reverse the default by curing the violations.