When you buy a home, the Title Commitment is your sneak peek into the property’s legal history. It tells you what’s included, what’s excluded, and what needs to be cleared before closing. Understanding it now can save you headaches later.
3 Key Sections to Know
Schedule A – The Basics
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Details about the property (address, legal description, current owner)
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Shows the proposed buyer (you!) and purchase price
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Confirms the type of title insurance policy
Schedule B – Exceptions
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Lists items not covered by your title policy
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Common examples: easements, restrictive covenants, HOA rules
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Review carefully—some may affect how you use your property
Schedule C – Requirements
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Outlines what must be resolved before you can close
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Can include paying off liens, resolving boundary issues, or getting HOA clearances
Why Owner’s Title Insurance Matters
Your lender will require a lender’s policy, but that only protects them. An owner’s policy protects you—your rights, your investment, and your peace of mind.
It can cover issues such as:
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Unknown heirs claiming ownership
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Errors in public records
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Forged documents in past transfers
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Unpaid property taxes or liens
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Survey or boundary disputes
Pro Tips for Reviewing Your Title Report
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Ask questions early – Your escrow officer or real estate agent can explain any unfamiliar terms.
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Request copies of exceptions – Review easements, restrictions, or HOA rules before removing contingencies.
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Don’t skip the owner’s policy – It’s a one-time cost that can protect you for as long as you own your home.
