What is Title Insurance? Is it all the same?
Posted by Sammy Gardner on
Okay, so you have found your dream home. The sellers have accepted your offer. If you are like most people, this will be one of the single most important and expensive purchases you will ever make. So, you need to ensure that your greatest asset is completely protected. Let's discuss how to do just that.
- What is Title?
Title is the legal evidence of your right to own and possess the land. Since there is always a chance that someone other than the seller has a prior legal right to the property you are buying, title insurance offers you protection, which gives you a peace of mind about your purchase. There are a number of prior issues or "defects" that can go undisclosed even after a careful "title search" of public records. Sometimes…
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