TOEPP Fraudulent Deed Transfers
By now we are certain that you are aware of the increased risk associated with fraudulent deed transfer schemes being perpetrated across the country by scammers looking to take advantage of unsuspecting property owners. The costs in terms of legal fees, time, stress, lost sale opportunities and aggravation can be immeasurable if you or your clients become the unfortunate victims of one of these scams.
We are writing this week to remind you of the availability of the Eagle Owners Policy (TOEPP), which not only insures your clients against post-closing fraudulent deed transfers, but also provides coverage for a variety of other pre-closing and post-closing issues, including but not limited to, rights under unrecorded leases, post-policy encroachments (ie. a neighbor erects a fence on a portion of your property post-closing), post-policy Adverse Possession claims and post-policy Inflation of coverage of up to 150% of the Purchase Price for five (5) years post-closing (similar to a limited market value rider, except with the additional benefits included). Attached you will find a full list of all the coverages you can get with the Eagles Owners Policy, as well as a comparison to the standard ALTA Owner’s policy which highlights the potential gaps in coverage that your client’s face in the event they elect not to obtain the TOEPP when they acquire title. While the TOEPP does incur a one-time additional premium, for those practitioners and property owners that wish to secure the best available title policy protection the additional premium may likely be far less than the costs associated with litigating any number of the additional title issues covered by the TOEPP.
The acquisition of real property can be the biggest expenditure some of your clients make during their lifetime. Doesn’t it make sense to at least explore the option of purchasing a TOEPP to afford your clients the best available protection to insure title to their most valuable asset?
Click the below link to learn more about this product and all of its benefits:
https://mcusercontent.com/684414a9e2c939c9532812949/files/fe4b04b4-ab27-1563-09dd-f87a8b94e871/Home_Eagle_Owners_Policy_vs_ALTA_Owners_Policy.01.pdf
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