Alexandria Title Company, founded in 1986, believes in the commitment to excellence that is the foundation of the Chicago Title Company. We were the first title company formed in Alexandria, MN, and we provide assurance in matters relating to real estate. We are committed to the development of quality products and services that anticipate and respond to our customers changing needs. We are committed to a positive attitude that reflects the value of our customers and employees. We provide a supportive environment that promotes and recognizes our employees as our greatest asset. We also provide a strong foundation that assures integrity and financial stability. Below are some frequently asked questions about our business:
Why does your real estate need to be insured by Chicago Title Insurance?
You probably have several forms of insurance already. And you undoubtedly are familiar with insurance coverage on cards, your life and medical bills. But title insurance?
When you buy a condominium, a home, any other type of building or even vacant land, you must have a complete investigation made on every aspect of the property. Or, you may discover that the property you bought and paid for is not actually yours at all.
And even after the investigation, you will need protection in the event that some point has been missed in public records or someone makes the claim on the title to your property. That protection is a title insurance policy from Chicago Title Insurance Company. Alexandria Title Co. is an agent for Chicago Title Insurance Co.
What are the risks that call for such protection?
Real estate has such great value and is so basic a form of wealth that many special laws have been enacted for its protection - laws so strict and far - reaching that real estate is more strongly safe-guarded than any other form of property.
As a result, the owner of a land has exceedingly strong rights....and so do the family and heirs of the owner.
But others may have "rights" in the property, as well. There are mortgages and leaseholder rights...liens due to unpaid taxes....lien claims to those whom the owner owes money....mining, oil, or air rights...and many others. Anyone who has such a claim is, in a limited way, a part-owner. He or she cannot ordinarily be deprived of their interest except by having the claim settled or released. The property may be sold - even without their knowledge - but the claim is still good until satisfied. As a new owner you may know nothing about these risks, but you are still vulnerable to such claims on your property. That's why you need an insurance policy from Chicago Title Insurance Company.
Our friendly and professional staff is here to answer any questions you may have about our company or our services. Whatever your title needs, we can provide it to you at prices you can afford.
Contact Alexandria Title Co. today at 320-763-6858 to speak to a friendly representative that can answer any questions or concerns that you may have.
