Title insurance is a necessary part of a real estate transaction — it protects against loss if a defect is found in the title to property.
Most member attorneys of the Illinois Real Estate Lawyers Association are affiliated with a title insurance company to provide title insurance. Many IRELA members belong to a bar-related title insurance company such as Attorneys Title Guaranty Fund (“ATG”), or are affiliated with an independent title insurance company.
Affiliation with a title insurance company gives an IRELA member the ability to give all parties the extra security of having an experienced real estate lawyer oversee the title clearing process and take a proactive role in clearing liens or other title exceptions to help insure a smooth closing.
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