A First-Timer’s Guide to Title Insurancezainsaeed
Imagine this – you’ve purchased your new home, unpacked the moving boxes, and have finally started to settle in, only to receive an angry phone call a few days later from someone claiming to be the property’s rightful owner. It turns out that the seller was a fraud using forged papers to sell a home that wasn’t theirs! The worst part? Legally, the home doesn’t belong to you, either. The tragedy!
While this may seem like a far-fetched scenario, over half of all real estate transactions have title-related issues of some kind. Luckily, these disasters are preventable with title insurance — if you can actually figure out how it works! Many new home owners don’t quite understand what title insurance is, let alone why it’s a necessary purchase. But with this plain English guide, you’ll learn what title insurance is in a nutshell and how it will help protect your investment.