Posts tagged Title Insurance
Title Insurance

Title insurance is a frequent topic of conversation that comes up during real estate transactions.  Insurance can always be a touchy subject because as we all know, everything we do, whether it be drive a car, break a leg, or even sit on our living room sofa, has some type of insurance attached to it.  As necessary as insurance is, it can become costly.  In this blog, I’d like to share with you why I highly recommend purchasing title insurance when you buy a new home or property.  I think you will be pleased to learn how well you’ll be protected, at a minimal one-time fee.  It will be well worth the investment.

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What is Title Insurance? Why Do You Need It?

When you buy a piece of real estate you receive “title” to that property. The term title refers both to legal ownership and the right to use the property. Unfortunately, certain types of mistakes, or “title defects” can leave the new owner in a situation in which another party also has a valid legal claim to the real estate they purchased. Because of the risks associated with title defects, title insurance has become a mandatory part of the process of acquiring funds from a lender for a residential real estate transaction.

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