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
Oklahoma Storm Information
May 21, 2013 | Updated June 18, 2013
OLTA wants to send out a BIG thank you to everyone who made donations to help the residents of Oklahoma. We received financial donations from all over the US and raised over $11,000. The funds are being disbursed in thirds with 1/3 going to the two members of our Title Insurance family who suffered complete losses of their homes. The final 1/3 is being donated to the general relief fund.
Thank you all again!
Behind the Mortgage Settlements from the Housing Crisis
The Washington Post | May 20, 2013
Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post analysis of government data.