A Title Insurance Policy insures that a new buyer will receive title to the real estate free and clear of all possible encumbrances, and that any and all liens that were in the seller's name(s) have been released. The policy insures that a new buyer will stand protected from a loss or damage as a result of title defects. Title insurance provides protection against forged documents, mistakes in public records, fraud and incorrect property descriptions, just to name a few. The title company will provide a thorough search of the public records to reveal possible liens, claims, or encumbrances against the real estate.
There are two primary types of title insurance policies...
The Owner's Policy-
The Owner's Policy is issued to the new owner or purchaser, guaranteeing that the Title to the real estate they are purchasing is free and clear of all liens. Covenants and restrictions, and any other recorded documents that may affect the use of the real estate, are revealed to the purchaser in the title commitment and policy.
The Lender's Policy-
The Lender's Policy is issued when there is a Mortgage Lien to be recorded on the real estate. It guarantees that the title to the real estate for which they are lending funds is free and clear of all liens, except those that are noted in the title commitment and policy. Most lenders require title insurance policies to insure that their mortgage is the first lien on the real estate in the event they have to foreclose on the property someday.
As an escrow agent, Cass County Title Company is a neutral third party who can carry out the instructions in a purchase agreement between the buyer and seller or the borrower in a refinance situation. We also handle all of the disbursement checks associated with the closing and file documents at the Courthouse for the public record.
Cass County Title Company was founded by Brian J. Morrill in 1994 as an independent title agency offering residential title, commercial title, and escrow services in Cass, Carroll, and Fulton counties in North Central Indiana.
The company has successfully managed over 25,000 title transactions for its customers since its inception. Cass County Title Company is an issuing agent for three of the most secure title insurance underwriters in the country, First American Title Insurance Company, Old Republic Title and Arsenal Insurance Corporation.
Cass County Title Company and its staff place a high priority on meeting the needs of its customers. The staff works hard to make sure a transaction closes on time and flows as smoothly as possible from start to finish. After hours and weekend closings are offered as a convenience to the client when needed. The company is well known for providing exceptional customer service and is the recognized leader in the local market place.
The company employs five staff members throughout the year and has grown steadily since 1994, beginning with two staff members nestled into a small fourth floor office suite. The company has moved twice due to increasing staff and space requirements. Today, Cass County Title Company is located at 211 South Third Street, Logansport, Indiana, in a comfortable first floor office across from the county courthouse.
In the spring of 1996 the company hired Scott B. Kraud as a result of increasing market share. Kraud's accomplishments have allowed the company to grow even further, and today he serves as Vice President and part-owner, with Morrill serving as President.