Why does a Home Buyer need Title Insurance?

At some point during your home-buying process, the topic of title insurance is likely to come up. Like most types of insurance, title insurance is better to have and not use than need it and not have it available. But what is it, why do you need it, and how does it work?  A Homeowner's Policy of Title Insurance protects property owners' interests against legitimate or false title claims by previous owners or lien holders. Title problems are discovered in more than one-third of residential real estate transactions. These "defects" must be resolved before closing so they don't pass on to the purchaser. The most common problems are existing liens, unpaid mortgages, and recording errors of names, addresses, or legal descriptions. A Homeowner's Title Insurance Policy protects the owner and their heirs for as long as they have an uninterrupted interest in the property. We proactively search extensive existing records to identify possible defects in order to resolve them prior to issuing a policy. This intensive work up-front is designed to minimize claims and keep you informed. Dollar-for-dollar, Title Insurance may be the best investment a property owner can make to protect their family. The premium is paid only once, at closing, making it a smart and secure financial decision. Here's a video you can share with your Buyers.

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