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Title insurance

Title insurance

What is Title insurance?

Title insurance protects lenders and buyers for losses that happen because of title-related issues. The home title is the "ownership" of the property that gets transferred when the legal deed document is signed. However, in some cases, there may be issues around the ownership of the property and title insurance protects parties from financial losses that may be incurred as a result of an unclear title.

Why do I need Title insurance?

In a perfect world, titles would match the deed and the ownership records would be clear. However, there may be errors that make things more complicated:

  • Public record errors. County clerks and recorders may have filed a previous or current deed incorrectly so there may be confusion around the ownership of the property.
  • Missing heirs. If an owner files the deed as "Single" even though they are "Married", it may cause issues with the ownership. Additionally, if there wasn't a clear will, heirs may end up fighting for ownership on a property.
  • Forgeries and false impersonations. Nefarious actors can attempt to sell a home that isn't theirs or create a forgery that doesn't legitimately represent the rights of the property owners.

There are more issues surrounding disputed titles. Title insurance makes sure your purchase is truly yours.

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