Services
Title Services
Superior Title of Kentucky, LLC, is a locally-owned and operated real-estate title company specializing in residential and farm purchases, sales, and refinance transactions throughout Western Kentucky. We simplify the closing experience and give our clients the confidence and peace of mind they deserve. Our goal is to provide a seamless, accurate, and on-time closing experience for buyers, sellers, lenders, and realtors.
Buyers
Buying a home or farm is a major investment. You need to be confident that your title will be free of liens and that your closing will take place in a timely manner. We will communicate with you clearly and keep you informed throughout the closing process. You will walk away from the closing table with a comprehensive understanding of the documents you’ve signed so you can focus on the next step of your journey!
Sellers
Selling property involves a lot more than just finding a buyer. The closing process can be tricky for sellers to navigate without professional help. Our experienced team provides sellers with the comfort that comes from knowing that your property sale is happening in a timely manner and that all of your legal obligations are satisfied at closing.
Realtors
You and your clients want a convenient and hassle-free closing process. We do the work that it takes to deliver a smooth closing that is free of avoidable last minute problems and delays. Consistent, clear communication throughout the closing process is as important to us as it is to you, so we return phone calls and emails promptly, even on nights and weekends. You want a great experience for your clients, and we want to help you achieve it.
Why is Owner's Insurance Important
Financially speaking. the decision to buy a home is one of the biggest decisions a person will likely ever make
Owner's title insurance insures that, when the purchase is closed, the buyer is the owner of and has marketable title to the property. has access to the home, and there are no liens, claims, or restrictions on the buyer's property. other than the mortgage the buyer agrees to pay.
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If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
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In addition, owner's title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
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Without owner's title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer.
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Owner's title insurance is one of the most affordable insurance policies a person can ever buy. Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer's investment for as long as the buyer or the buyer's heirs own the home.
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So, if someone tells the buyer that owner's title insurance is "optional, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender's title insurance, but that insurance does not protect the buyer.
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In order to safeguard the buyer's investment in the property, which is possibly the most important investment the buyer will ever make, owner's title insurance is absolutely critical.
1031 Exchange
First, before we define what a 1031 Exchange is, we should point out that 1031 Exchanges are complex income tax planning and wealth building strategies. You should always consult with your legal, tax and financial advisors before you proceed with any 1031 Exchange transaction.
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What Is A 1031 Tax Deferred Exchange?
1031 Exchanges are complex tax planning and wealth building strategies. The 1031 Exchange allows you to sell one or more appreciated rental or investment real estate or personal property (relinquished property) and defer the payment of your capital gain and depreciation recapture taxes by acquiring one or more like-kind properties (replacement property).
1031 Tax Deferred Exchanges allow you to keep 100% of your money (equity) working for you instead of paying (losing) about one-third (1/3) of your gain or profit toward the payment of your capital gain and depreciation recapture taxes.
There are, of course, very specific requirements that you must follow so that the sale of your relinquished property transaction will qualify for 1031 Tax Deferred Exchange treatment under Section 1031 of the Internal Revenue Code (tax code).
Notary Services
A Notary Public is an official of integrity appointed by state government — typically by the secretary of state — to serve the public as an impartial witness in performing a variety of official fraud-deterrent acts related to the signing of important documents. These official acts are called notarizations, or notarial acts. Notaries are publicly commissioned as "ministerial" officials, meaning that they are expected to follow written rules without the exercise of significant personal discretion, as would otherwise be the case with a "judicial" official.
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What does a Notary do?
A Notary's duty is to screen the signers of important documents for their true identity, their willingness to sign without duress or intimidation, and their awareness of the contents of the document or transaction. Some notarizations also require the Notary to put the signer under an oath, declaring under penalty of perjury that the information contained in a document is true and correct. Property deeds, wills and powers of attorney are examples of documents that commonly require a Notary.
Impartiality is the foundation of the Notary's public trust. They are duty-bound not to act in situations where they have a personal interest. The public trusts that the Notary's screening tasks have not been corrupted by self-interest. And impartiality dictates that a Notary never refuse to serve a person due to race, nationality, religion, politics, sexual orientation or status as a non-customer.
As official representatives of the state, Notaries Public certify the proper execution of many of the life-changing documents of private citizens — whether those diverse transactions convey real estate, grant powers of attorney, establish a prenuptial agreement, or perform the multitude of other activities that enable our civil society to function.
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Why are Notaries and notarizations necessary?
Through the process of notarization, Notaries deter fraud and establish that the signer knows what document they're signing and that they're a willing participant in the transaction.
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How does a Notary identify a signer?
Generally, a Notary will ask to see a current ID that has a photo, physical description and signature. Acceptable IDs usually include a driver's license or passport.
Don't go at it alone,