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
State of the Union: Explaining Some of the Key Details
USA Today | February 13, 2013
During Tuesday’s State of the Union address, President Obama raised several issues and initiatives, including a program he’s proposed before that would allow homeowners to refinance if they’re current on their payments and have decent credit.
An Overview of President Obama’s Refinancing Proposals
The Wall Street Journal | February 12, 2013
Here’s a more detailed look at what the administration has done, and what it’s likely to push for in the coming year.