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
IRS Releases ‘Dirty Dozen’ Tax Scams for 2014
USA Today | February 19, 2014
Because paying taxes just isn’t fun enough, fraudsters spend extra time during tax season trying to steal your hard-earned money. This year’s top scams from all the five-star boiler rooms, according to the IRS.
Stevens: Give National Servicing Standards a Chance to Work
Mortgage News Daily | February 19, 2014
Mortgage Bankers Association (MBA) President David H. Stevens congratulated mortgage servicers attending MBA’s National Mortgage Servicing Conference on Wednesday for surviving the past few years with the “staggering amount of change” from new rules and regulations and the “intense scrutiny of policymakers, regulators, and the news media.”