Welcome to the Oklahoma Land Title Association
OLTA is a statewide trade association representing the title insurance and abstracting industry in Oklahoma. Founded in 1907 and proudly serving our membership through regulatory and legislative advocacy, continuing education and up-to-date information in keeping with our mission to enhance and protect the industry.
What is Title Insurance?
When you buy a home, you receive a title to the property, meaning you are now the full legal owner of that property. Title insurance for real estate provides protection against loss if a covered defect is found in the title to real property. You can purchase it for a one-time premium, paid in most cases at closing.
Title insurance usually covers four types of “hidden” risks: errors, liens, ownership claims, and invalid deeds. If a claim is made against your property, the title insurance company will negotiate with the other party to settle the claim, defend you in court if necessary, pay any incurred legal costs, and satisfy any covered claims. Having title insurance can save you time, money, even your home.
What’s Happening Now
FHFA targets first bulk REO deals in early 2012
Housing Wire | January 9, 2012
The federal government is still cautiously moving forward with a plan to offer previously foreclosed properties in bulk starting in early 2012, according to the Federal Housing Finance Agency.
ALTA President Shines During Congressional Hearing
ALTA President Anne Anastasi represented the title industry well Wednesday testifying before the Financial Services Insurance, Housing and Community Opportunity Subcommittee during a hearing titled “Mortgage Origination: The Impact of Recent Changes on Homeowners and Businesses.”
• Click here to view video of Anastasi’s testimony.
• Click here to read the written testimony: