Title insurance is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. It is meant to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens, or other matters. The insurer will defend against a lawsuit attacking the title as it is insured or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.
The Gallagher Law Firm has helped title insurance and escrow companies, lenders, brokers, and other professionals in the real estate community in various matters relating to title insurance, including investigating and resolving title insurance issues and claims on such issues as fraud, priority of interests, disputes regarding ownership, boundary lines, access, dower, and other title matters. Our attorneys have additional expertise in the areas of construction lien disputes and litigation, including matters related to the Michigan Homeowners Construction Lien Recovery Fund, as well as bankruptcy litigation related to title insurance matters.
Our attorneys are active members and committee members in a number of title insurance and industry organizations, including the American Land Title Association (ALTA) and the Michigan Land Title Association(MLTA).
The Gallagher Law Firm provides representation in the areas of: