The concept of Title Insurance can be daunting for some, especially if it’s your first time buying a new home. However, we at Turner Title have combined decades of experience as forerunners in the industry, and we are more than happy to walk you through every step of the way!

It’s true; at times, Title Insurance can be tedious, and the devil is always in the details, but it is also fun and full of unique stories! I’ve decided to share a few of my favorite title insurance tidbits below!

Honest Abe would have greatly benefitted from having some title work done in his lifetime. The former President and American Icon not only lost one home, but two to title defects during his lifetime. Luckily, in 1868, the practice of obtaining title insurance began, and it was founded on the principles first conceived by another American icon, Benjamin Franklin himself! The first title insurance policy was sold shortly after in 1871.

The concept of a lost sea captain harkens distant recollections of Moby Dick, but you would be surprised to learn that the title industry also harbors (pun intended) tales of terror from the deep! When an elderly woman passed away and left her home behind to her six surviving sons, they quickly decided to sell the home and divide the proceeds amongst themselves. There had been a seventh brother in the mix, but he was a sea captain who had been missing for years and declared legally dead. Who could have guessed that years later, the sea captain would seemingly return from the dead and end up right on his mother’s doorstep! Certainly not the new owners. Thankfully, unlike Abraham Lincoln’s family, this family had purchased an owner’s title policy, so their title company was able to navigate these strange waters (yes, another pun) and work out a solution that was beneficial to both parties.

Are you one for life’s simple joys? Maybe, you’d like a house with just enough room. In that case, you may want to consider moving to Just Enough Room in Alexandria, New York. Just Enough Room is a 3,300 square foot island owned by the ironically named Sizeland Family on which there is just enough room for an average American home (2,687 square feet) and one tree!

One more fun fact since Halloween is just around the corner! In the 1991 New York case of Stambovsky v. Ackley, more commonly known as the Ghostbusters Ruling, it was determined that homeowners must disclose any hauntings in their home prior to selling the property. The home in question had been advertised as a haunted location in the past, and the home’s ghostly nature, as well as its three poltergeists (Sir George, Lady Margaret, and a Navy Lieutenant) had gone undisclosed during the real estate transaction. However, the home did have a good deal of time in the spotlight prior to this case, having been featured in Reader’s Digest and several local newspapers prior to being listed.

Whether it be protecting your purchase from an undead sea captain or three ghostly residents, Title Insurance is a necessary and one-time transaction to protect your residency from unforeseen claims for a lifetime. That’s all for now, but be sure to check the Turner Title blog page regularly for your dose of Title Tidbits!