When it comes to buying or selling a property, a title company plays a crucial role in ensuring the transaction …
Everyone needs title insurance. You may think you know the entire history of the house you’re purchasing, but it’s impossible to know everything.
The title of your home is one document that you may just gloss over while you work on all of the other aspects of a purchase, from the mortgage to the seemingly endless number of forms you must sign. However, you may encounter problems with the property’s title at any time—even long after purchase.
A lender’s policy and an owner’s policy are the two most common types when you are looking for good quality title insurance. The owner’s policy is coverage for the person who is purchasing the house, while the lender’s policy protects the company that holds the mortgage. Both of these policies offer strong protection to the insured parties, in case there are any defects with the property’s title.