During a real estate transaction, part of the due diligence process of a title company involves checking the property title report for errors or other issues. The property title report will generally reveal any judgments, liens, or deed restrictions that may affect the property. Unfortunately, property title problems are not always discovered until after a […]
Title Insurance
How Does Title Insurance Work?
Title insurance can be a highly beneficial form of protection in today’s real estate market. As in many industries, nefarious people can easily take advantage of you if you lack title insurance. According to the National Association of Insurance Commissioners, title direct premiums in the United States totaled $14.8 billion in 2018, a 0.8% increase […]
Who Does Title Insurance Protect?
Are you trying to determine, “who does title insurance protect?” It may seem like an unnecessary luxury, but title insurance can ultimately shield you from multiple issues in the long run. This is essentially a kind of indemnity insurance that prevents a holder from financial loss that results from liens, encumbrances or defects in a […]
Do I Need Title Insurance If I Pay Cash For My Home?
Title insurance is designed to protect both homeowners and mortgage lenders in the event that there is anything wrong with the title to a new home. If you’re paying for your home in cash, with no loans or lenders required, title insurance can seem like an unnecessary expense. A common question is whether or not […]
What Does A Title Insurance Company Do?
Title insurance companies are one of the many institutions that home buyers and sellers encounter during each transaction. These organizations can also represent insurance companies, lenders, and any other parties involved in the sale. They take on a variety of tasks to help manage a smooth sale. Title agents, who help facilitate the transaction, can […]