When a home is purchased, title insurance is one of the closing cost items on the closing statement. This insurance protects the buyer from defects in the title that are not discovered until after the closing. There are two kinds of title insurance--coverage that protects the lender for the balance of the mortgage if the buyers have a loan, and coverage that protects the buyers' equity in the property.
It is prudent to purchase owners' coverage because most of the title problems that arise after a closing are not from a sloppy title search, but are the result of inaccurate information in the public records. The ownership chain goes back a long way, and fraud or misrepresentation anywhere in the chain could mean big problems. Title insurance will protect you if a wife or husband did not properly sign off on the ownership papers or if the property was sold as part of an estate that was later disputed. Most people do not have to deal with the title insurance company after the closing, but this coverage could save your investment if a problem arises.
The Lydia Font Real Estate Team RE/MAX Pinnacle Group 1241 Green Oaks Blvd Arlington, TX. 76013 Main and Lydia: 817-291-2711 Eric: 817-343-3558 Fax: 1-866-417-3178 Email: homes@lydiafont.com Email: Eric@lydiafont.com Email: AnnMarie@lydiafont.com
The Lydia Font Team of real estate experts provides Top-Notch Service. They have been continuously recognized as top producers and real estate experts. Their family goal is to help you and your family with all your real estate needs. When it is time to buy or sell a home, they specialize in making your experience as smooth as possible by handling ALL the details. With over 26 years of real estate experience, this team earns you as a customer for life! Call or e-mail The Lydia Font Team to meet your Family Real Estate Experts today! Hablamos Espanol 817-291-2711
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