Our Sister Company: KBS Abstract Services, LLC

KBS Abstract Services, LLC an agent for Stewart Title Company is a full service Title Company which provides: quick and accurate title searches, title clearance issues & recording services.

  • Why Do I Need Title Insurance? Protecting Your Home Investment:

    A home is usually the largest single investment any of us will ever make. When you purchase a home, you will purchase several types of insurance coverage to protect your home and personal property. Homeowner�s insurance protects against loss from fire, theft, or wind damage. Flood insurance protects against rising water. And a unique coverage known as title insurance protects against hidden title hazards that may threaten your financial investment in your home.


  • Protecting Your Largest Single Investment:

    Title insurance is not as well understood as other types of home insurance, but it is just as important. When purchasing a home instead of purchasing the actual building or land, you are really purchasing the title to the property � the right to occupy and use the space. That title may be limited by rights and claims asserted by others, which may limit your use and enjoyment of the property and even bring financial loss. Title insurance protects against these types of title hazards.

    Other types of insurance that protect your home focus on possible future events and charge an annual premium. On the other hand, title insurance protects against loss from hazards and defects that already exist in the title and is purchased with a one-time premium.


  • Two Kinds of Title Insurance Benefit You in Two Ways:

    Title insurance for property owners, called an Owner�s Policy, is usually issued in the amount of the real estate purchase. It is purchased for a one-time fee at closing and is valid for as long as the owner or his heirs have an interest in the property. Only an Owner�s Policy fully protects the buyer should a covered title problem arise with the title that was not found during the title search. Possible hidden title problems can include:

    � Errors or omissions in deeds
    � Mistakes in examining records
    � Forgery
    � Undisclosed heirs

    Title insurance for mortgage lenders title insurance is called a Loan Policy. Most lenders require a Loan Policy when they issue a mortgage loan. The Loan Policy is usually based on the dollar amount of the loan and it protects the lender�s interests in the property should a problem with the title arise. It does not protect the buyer. The policy amount decreases each year and eventually disappears as the loan is paid off.




  • Testimonial:

    "I have worked with Salerno Law for over 2 years. Kim treats her clients with compassion and understanding.   In real estate everything is time sensitive. Kim's timing and quality of service have always met my expectations and everything is communicated in a professional and timely manner."

    F.B.- Homestead Funding Corp.Saratoga Springs, N.Y.