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  • Casual Articles - Home Buying 101: What's Title Insurance, and Do I Need It?

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    perty ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house

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    When buying a home, title insurance will certainly come up at some point. It's an important part of the home buying process, so it's equally important that you understand what it is and how it can protect you.

    What's a Title?
    A title is a written document that shows ownership of property. It includes the signatures of current owners and a legal description of the property. A title is also known as a deed.

    Before you close on a new home, a title examiner will conduct a title search. This is a review of public records and legal documents to ensure that the seller is the true, legal owner of the property, and that there are no unsettled claims or liens against the property.

    What is Title Insurance?
    Title insurance protects the lender (and possibly the homeowner) against losses that might arise from property ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house

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    What's a Title?
    A title is a written document that shows ownership of property. It includes the signatures of current owners and a legal description of the property. A title is also known as a deed.

    Before you close on a new home, a title examiner will conduct a title search. This is a review of public records and legal documents to ensure that the seller is the true, legal owner of the property, and that there are no unsettled claims or liens against the property.

    What is Title Insurance?
    Title insurance protects the lender (and possibly the homeowner) against losses that might arise from property ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house

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    Before you close on a new home, a title examiner will conduct a title search. This is a review of public records and legal documents to ensure that the seller is the true, legal owner of the property, and that there are no unsettled claims or liens against the property.

    What is Title Insurance?
    Title insurance protects the lender (and possibly the homeowner) against losses that might arise from property ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house

    FOREX - Use Options to Reduce Your Risk
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    hat there are no unsettled claims or liens against the property.

    What is Title Insurance?
    Title insurance protects the lender (and possibly the homeowner) against losses that might arise from property ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house

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    perty ownership disputes. The importance of title insurance can best be illustrated through an example:

    Let's assume you're buying a house, and that the title search comes up clean. So you close on the house and move in. Two months later, a relative of the former owner shows up at your door, claiming that they were part owner of the property, and that they never surrendered or signed away their ownership.

    This is an ownership dispute, and it could mean you'll have to go to court to defend your ownership of the property. If you have title insurance, it will likely cover your court costs.

    Let's further assume that the former owner's relative was telling the truth. This means the title examiner overlooked a defect or "cloud" on the title. Somewhere along the line, ownership of the house was not properly transferred. It's not your fault, but you're still caught in the middle.

    In the event that the court rules in favor of the former owner's relative, title insurance again comes into play. Title insurance will see to it that the len

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