Do know the importance of Title Insurance?

Do you know how important it is to have Title Insurance

Imagine you have just purchased your first home. It is a beautiful, fully updated property built in the mid 1900s.You believe that you are buying your home free and clear of all liens, but then you get a phone call from your Realtor.

I'm so sorry,

he says,

I just learned that one of the previous owners never formally transferred title of the house. Now her heirs want to retake ownership or be compensated.

If you bought title insurance when you bought your home, your property will be safely yours and there will be no costs to you to resolve this matter. If not, you could have to pay for all the costs associated with clearing the title.

According to Nancy Wood at Beacon Title, TITLE INSURANCE PROTECTS YOUR ASSETS:

"Title insurance gives you the assurance that possible clouds on
title to the property you are purchasing - which can be
discovered from the public records - have been called to your
attention so that such defects can be corrected before you buy.
Additionally, it is insurance that if any undiscovered claims
covered by your policy arises out of the past to threaten your
ownership of real estate, it will be disposed of, or you will be
reimbursed exactly as your title insurance policy provides."

When you buy a home, make sure you take that step and buy title insurance. It is a one time cost that will buy you and your heirs a lifetime of protection.

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