Sometimes title problems occur that could not be found in the public records or are inadvertently missed in the title search process. Title insurance exists to protect you, the owner, against the most unforeseen problems.

Owner’s Title Insurance, called an Owner’s Policy, is usually issued in the amount of the real estate purchase. It is purchased for a one-time fee at closing and lasts for as long as you or your heirs have an interest in the property.  The Owner’s Policy protects the buyer should a covered title problem arise that was not found during the title search. Possible hidden title problems can include:

• Errors or omissions in deeds
• Mistakes in examining records
• Forgery
• Undisclosed heirs

An Owner’s Policy provides assurance that your title company will stand behind you — monetarily and with legal defense if needed — if a covered title problem arises after you buy your home. The bottom line is that your title company will be there to help pay valid claims and cover the costs of defending an attack on your title. The Owner’s Policy will continue to protect you for as long as you or your heirs have an interest in the property.

We are committed to a personal and efficient title transaction process.

When you choose Vantage Title Insurance Agency LLC for your title and escrow needs, each title insurance policy will be thoroughly researched and all escrow services handled competently.

With our on staff attorney, and by offering mobile closings, we strive to make the title and escrow process as painless and as simple as possible for our clients.

Below is an article from Mark Sheets of totalmortgage.com, we thought you’d find it useful.  The market seems to be doing well as of May 2014.

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Brigham Young founded Salt Lake City, Utah, as a Mormon settlement in 1847. Since then, several factors have caused the city to become more diverse, including the building of the railroad, the growth of a mining industry and increasing immigration from other states. Although the city isn’t large (its population is under 200,000), a sprawling urban area of 1.2 million people surrounds the city and many of these are commuters. Today, the city has the distinction of being one of the nation’s most upwardly-mobile populations.

The economy of Salt Lake is mainly service-oriented with government, trade, healthcare and transportation making up a large section of its workforce. In 2002, the Olympic Winter Games were held in the city and this gave the Utah capital an undeniable economic boost with the building of hotels and restaurants. The city is also home to one Fortune 500 company and two Fortune 1000 companies.

Towards the beginning of 2014, industry experts were beginning to report that the Salt Lake City housing market had emerged from the bust brought on by the Great Recession of 2008. Figures from the real-estate site Trulia bear this out, showing steady house price increases throughout April. The average listing price for a home in Salt Lake is currently $458,847, which represents a 20.9 percent increase compared to the week before. With home values creeping ever higher, now may be a good time to buy if you’re looking for an investment.

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