How can there be a title defect if the title has been searched?
Title Insurance is issued after a careful examination of the public records. According to national statistics, title companies find problems in 25% of their title searches, such as unsatisfied prior mortgages, improperly signed documents, undisclosed heirs, etc. But even the most thorough search cannot absolutely assure that no title hazards are present, despite the knowledge and experience of professional title examiners.
