TIER For Buyers

Buyer Beware. The law assumes you are aware of, and understand the legal effects of, all documents in the public record. Further, depending on where your parcel is located, there’s little to no legal recourse for not having done your homework.

Most buyers expect that title insurance will cover all of the risks associated with buying a property, but it never does. There are invariably “title insurance exceptions,” which your title insurance policy won’t cover.

A reliable title insurance company will provide a list of exceptions to their title insurance coverage, but most buyers misunderstand this list, assuming it’s the protection offered by the policy, not the exception.

Fortunately, our TIER service (title insurance exception review®) can help you understand exactly what you’ll be getting (or not getting) when you decide to buy a property.

Exceptions To Tile Insurance
Common exceptions to title insurance include:

This list of title insurance exceptions comes from public-record documents that are typically found at the County Recorder’s Office. Once a document has been recorded, the public is legally “on notice” and the law presumes that you have knowledge of its existence and contents.

Any one of these exceptions could limit your use and enjoyment of the property and impact your ability to sell the property in future.

Peace Of Mind
Don’t take that chance! Let us give you peace of mind that comes with performing legal due diligence. Even if you could track down everything that’s been recorded at the County Recorder’s Office, you might not necessarily understand what you’re reading or grasp the full ramifications of each exception. In our easy-to-understand Green Light System®, we’ll give the property a green light, yellow light, or red light, and explain why we gave it that designation.

At Timely Contract®, we make it easy to quickly get the legal help that you need for real estate purchases – order a TIER® review today!

Please note: In addition to offering TIER for buyers, we also offer TIER services for sellers.

At Timely Contract, we have local real estate attorneys who have experience throughout Idaho, including: Boise, Post Falls, Coeur d’Alene, Lewiston, Moscow, and Sandpoint. 

We also have local real estate attorneys who have experience throughout Montana, including: Missoula, Billings, Bozeman, and Kalispell.