Chesapeake Title Services
Serving Maryland, Delaware, Virginia, West Virginia, and Pennsylvania
What We Do
Chesapeake Title Company offers a full range of settlement and support services, including purchases, refinances, Home Equity Lines of Credit, Acquisition / Construction, Construction / Permanent, Commercial Development and Auction / Foreclosure purchases.Our processors and licensed settlement officers are extremely knowledgeable, and go above and beyond the call of duty to provide our customers with the level of professionalism and expedient services unsurpassed by others in the industry. Our experience allows us to identify and resolve settlement and closing issues not only from the title side but also from a realtor and lender’s perspective. We are able to respond to the needs of lenders and realtors with the same sense of urgency that home buyers and business clients expect of us throughout the settlement process.
Our in-house attorneys and licensed settlement officers will conduct closings at a time and place convenient for you and your client, including after-hours and weekend closings. We are confident that you will be pleased with the services we provide. Please don’t hesitate to inquire in the market place as to our outstanding reputation. Our fee schedule is competitive and our turn-around time is remarkably quick. If you desire any additional information, please feel free to contact us.
Why Use Us?
Chesapeake Title Company was established in 2000 and is now one of the area’s leading title firms, with an expert staff and in-house attorneys to address all of your real estate needs. We have closed over 10,000 real estate transactions since our inception. Chesapeake Title strives to provide excellent service.
At Chesapeake Title, we want to make a lasting impression on you and your client. We understand the time and effort you have invested in your relationship with your client and a smooth settlement is not only a good reflection on both of us, but encourages repeat business and referrals.
We have the experience and personnel to anticipate problems and handle them in advance to ensure a hassle-free, professional closing, whereby you and your client receive value for the services we provide.
Our in-house law firm, O’Connor, Hammel & Butler, P.A., provides all of the Maryland legal support for our title company. Someone is always available to answer any questions you may have to assist you in any type of transaction. Our legal department is also available to assist you in ancillary matters regarding your real estate transaction, including business entity formation and other related documents.
We service all 23 counties in the State of Maryland and Baltimore City, as well as Pennsylvania, Delaware, Virginia, and West Virginia.
Why You Should Purchase Title Insurance
Just as you purchase homeowner's insurance to protect your home against fire or other catastrophe, you should also purchase an "Owner's Title Insurance Policy" to protect your investment against defects in the title to your property.
Your lender will require that you purchase a "Lender's Title Insurance Policy" to protect the lender for the amount of your loan. Your lender knows that, even though title to your property has been searched by a qualified title examiner, hidden defects in the chain of title may still exist. These hidden defects may give someone a claim against your property. Title insurance protects against these claims.
The "'Lender's Title Insurance Policy" only provides protection to the lender. To protect your interest in the property, you need to obtain an "Owner's Title Insurance Policy" for the full value of the property.
The premium for an "Owner’s Title Insurance Policy" is a onetime fee collected at settlement, and your policy is valid for as long as you own your property. If you have a title claim while owning the property, your title insurance will (i) provide you with an attorney to defend your property interest in court, and (ii) settle and pay any claims against your property as a result.
Make sure your title insurance coverage is through a reputable company to be assured your claim will be paid. Mid‑Atlantic Title Company is issuing agent for two highly reputable title insurance companies: Chicago Title Insurance Company and Security Title Insurance Company of Baltimore.
What Does Title Insurance Cover?
Title Insurance covers against a variety hidden defects, the most common of which are as follows:
- A forged will or deed that does not transfer title to the buyer
- Deeds, wills and trusts that contain incorrect names
- Unpaid mortgages, judgments or tax liens
- Incorrect notary acknowledgements
- Documents executed under an expired or fabricated power of attorney
- A signature of a minor or mentally incompetent person
- Fraudulent misrepresentations
- Previously undisclosed heirs with claims against the property
- Invalid divorces
- False affidavits
- Sellers who misrepresent their marital status
- Clerical errors in the land records office of the courthouse
- Confusion arising from similarity of names
- Undiscovered wills
These and other examples of hidden defects can result in a claim being made against your property. Owner's Title Insurance protects you against these claims. Title claims can be costly and may prevent you from selling or refinancing your home. Make sure you protect your investment in your property with the purchase of an Owner's Title Insurance Policy.