What Is Title Insurance And Why Do I Need That?
Title insurance is a policy to insure against future problems that could occur with the title of a property. Although a title search is done prior to the property being transferred that cannot insure that no title issue exists. Even the best search can miss something. The fee for title insurance is a one time fee paid at settlement. The fee is based on the sale price. If a mortgage is included the lender has a title insurance policy also. That policy protects the lender but not the owner. The owner/buyer should also get title insurance.
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