Welcome to the Oklahoma Land Title Association Website

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

Advantage Shifting Slightly to Home Buyers
Realtor Mag | August 31, 2015
Home buyers may be gaining more leverage in the housing market. As the last few weeks of summer wind down, a realtor.comĀ® analysis of housing data for the first three weeks of August reflects a market that is tipping slightly toward buyers’ favor. While sellers still have the advantage, it’s showing signs of lessening, the realtor.com analysis notes.

Private Mortgage Insurance (PMI) Is Neither ‘Good’ Nor ‘Bad’
The Mortgage Reports | August 12, 2015
Mortgage lenders are making more low- and no-downpayment loans available to today’s home buyers; and purchase loan approval rates are markedly higher as compared to earlier this decade.

Study: CFPB Plan to Regulate Arbitration will Hurt Borrowers
HousingWire | August 11, 2015
The Consumer Financial Protection Bureau intends to aggressively regulate arbitration agreements in mortgage and other consumer credit contracts, and a new study says it’s a terrible idea based on the CFPB’s own findings.

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