Title insurance is emerging as a quick, efficient, and cost-effective method for addressing the growing demand from investors around the world, rating agencies, and auditors for greater transparency, guarantees, and security in land transactions. Today we're sharing our top 6 most FAQs we get at our international title insurance company. 1. What is covered by international title insurance? Loss arising from: Liens, encumbrances on the title to the land; Defects to the title to the land such as fraud, forgery, and errors in recording; No legal right of access to the land; Zoning and permitting issues (with additional endorsement); Invalidity or unenforceability of mortgages or other instruments that create a security interest on land; Adverse Possession Processes to formalize title to land. 2. What is not covered by title insurance? Title insurance does not cover losses that are triggered by events that occur after the policy date, such as future administrative decisions regarding zoning or permits.
At the end of your repayment plan, any debt that remains may be "discharged, " which means you no longer have to pay it. Because you'll pay most — if not all — of your debt, Chapter 13 is sometimes referred to as a "reorganization. " How it works With the help of an attorney, you'll file a petition for Chapter 13 with a bankruptcy court, along with a proposal for repaying your creditors over time. Although you're not required to hire an attorney, their knowledge may help your chances of success. In a 2017 study by the American Bankruptcy Institute, 41. 4 percent of bankruptcy filers who hired an attorney completed their repayment plans, compared to just 2. 3 percent of people who represented themselves. Once the judge approves your proposal, you'll send a monthly payment to a court-appointed trustee. That person will collect and distribute payments to your creditors over a period of three to five years. Why someone would file for Chapter 13 Here are some of the reasons Chapter 13 can be your best avenue: You may be able to keep your home.