Hours of Operation: Monday - Friday 8:00am to 5:00pm
Cornerstone Title is a locally owned and operated business offering real estate title insurance and escrow services throughout the State of Ohio. Our offices are located in the historic Hoover House in the heart of North Canton, Ohio. While we do maintain an office in North Canton (Stark County), we are equipped to handle title search and real estate closing services for all 88 Ohio counties.
Cornerstone Title is an agent for one of the nation's largest underwriters - Stewart Title Guaranty Company. We have three licensed title agents on staff who are well-equipped to answer all of your real estate and title insurance questions. Two of our title agents are also attorneys who have extensive experience in residential and complex commercial transactions.
Our primary responsibility as a title insurance company is to research the public records, identify liens or encumbrances affecting a specific piece of property and work toward releasing/resolving those matters prior to closing. In addition, we strive to make sure that each customer's transaction goes as smoothly as possible, from start to finish, and we make ourselves available to answer any questions that our customers may have with respect to their closing, loan documents and/or the home buying process in general.
We offer the following services:
In addition to the above listed services, our attorneys can provide ancillary legal services, including preparation of Deeds, Promissory Notes, Mortgages, Land Installment Contracts, Powers of Attorney, Purchase Agreements and Lease Agreements.
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
Title Examiner / Typist
A lender's policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender's interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender's interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner's policy.
An owner's policy protects you, the purchaser, against a loss that may occur from a fault in the ownership or interest you have in the property. You should protect the equity in your new home with a title policy.
Protection from financial loss due to demands that may be charged against the title to your home, up to the cost of the title policy.
Payment of legal costs if the title insurer has to defend your title against a covered claim.
Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy.
Any purchaser will need evidence that their property investment is free of title defects. The title insurance policy that you provide the purchaser is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership. It will reassure your purchaser that he or she is protected from any risks or losses and could help you close your deal.
Without title insurance, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. If this should occur, your title policy insures that you will be defended at no cost against all covered claims up to the amount of the policy.
The insurance commission approves and controls the premiums for title insurance policies. The premiums are paid only once and the cost depends upon the purchase price of the property and the policy amount must be equal to the purchase price.