Case Study # 1 - Fraud & Forgery, published by ALTA:
In a western state, an innocent buyer purchased an attractive home site through a realty company, accepting a notarized Deed from the seller. Then another couple, the trio owners of the property - who lived in another state - suddenly appeared and initiated legal action to prove their ownership interest in the real estate and that they rightfully owned the site. Under the Owner's Title Insurance Policy of the innocent buyer, the title company provided a money settlement to protect against financial loss of the buyer. As it turned out, the forger spent time in advance at the local Court House, searching the public records to locate properties with Out of Town owners who had been in possession for an extended period of time. The individual involved then forged and recorded a Deed to a fictitious person and assumed the identity of that person before listing the property for sale to an innocent purchaser, handling moot contracts through an answering service. Additionally, the identity of the Notary appearing on the Deed was fictitious as well.

Fraud and forgery are examples of hidden title hazards that can remain UNDETECTED until after a closing or settlement, despite the most careful precautions. Although emphasizing risk elimination, an Owner's Title Insurance Policy protects financially through negotiation by the Insurer with Third parties and payment for defending against an attack on the title and payment of valid claims.
If the innocent buyer in this case did NOT have Owner's Title Policy, he or she would not be protected and would have to spend money on legal counsel and time going to courts and hearings. Those people involved in real estate fraud and forgery can be clever and persistent.
  Case Study #2 - Conflicting Wills, published by ALTA:
After purchasing a residence, the new owner was startled when a Brother of the Seller claimed an ownership interest and sought a substantial amount of money as his share. It seemed that their late Mother had given the house to the son making the challenge, who placed the Deed in his drawer WITHOUT recording it at the Court House. Some 20 YEARS later, after the death of the Mother, the Deed was discovered and then filed. Permission was granted in probate court to remove the property from the late Mother's Estate, and the Brother to whom the residence initially was given SOLD the house.
The other Brother appealed the probate court decision, claiming their Mother really did NOT intend to give the house to his sibling. Ultimately, the appeal was upheld and the new owner faced a significant financial loss. Since the new owner had purchased Owner's Title Insurance upon purchasing the real estate, the Title Company PAID the claim, along with an additional amount in legal fees incurred during the defense.
Conflicts over a will from a deceased former owner may suggest a study topic for law school, but the subject can take on a reality dimension and all too quickly your home ownership is at stake.
  Case Study #3 - Missing Heirs, published by ALTA:
Soon after a sale, a man appeared - claiming he was the son of the late owner by a FORMER marriage. As it turned out, he INDEED was the son of the deceased man. This legal heir disapproved of his father's remarriage and had vanished when the wedding took place. Nonetheless, the son was entitled to a share of the value of the home, which meant an expensive problem for the unwary couple purchasing the property.
Although the absence of a will hindered discovery of the missing heir in a title search of the public records, ALTA said that the Owner's Title Insurance issued at the time of the real estate transaction would have financially protected the couple from the claim by the missing heir.
When you buy a home, it's important to remember what you don't know can cost you.
For a one time charge at closing, Owner's Title Insurance will safeguard against problems including those even an exhaustive search will NOT reveal.
  A word about Quest Abstract
Our staff have years of experience and our title insurance policies are issued through Chicago Title Insurance Company with over 150 years of history and T.A. Title Insurance Company headquartered and founded in Pennsylvania since 1948 and Commonwealth Land Transfer.
Your title insurance policy through Quest Abstract is backed by UTMOST Financial Strength, Integrity, and Financial Stability. For instance, Chicago Title is a part of the Fidelity National Financial family of companies (FNF). As for financial strength, Standard and Poor rates FNF an "A" and another "A" from A.M. Best Company indicating "outstanding".
Both of our underwriters received an "A" from Demotech, Inc. for financial stability indicating "exceptional" or "outstanding".
In everything we do, our goal is to give you accurate information, be your trusted guide, and to offer a title insurance policy that is unsurpassed in quality and financial strength. Thank you for letting us help in purchasing very possibly your biggest asset.