What is a title search? A title search is a detailed examination of the historical records regarding a property. These records include deeds, mortgages, judgments, and many other documents. The purpose of the search is to verify the seller’s right to transfer ownership and discover any liens, defects and other issues regarding the property. What…
Most buyers and sellers are indifferent about title insurance companies, while many real estate agents or lenders have an existing relationship with a specific title company they prefer to work with. What many home buyers don’t realize is that the title insurance company they work with can have a big impact on their closing experience.…
What is title insurance? Lender’s Title Insurance: Protects Lender’s interests; insures mortgage principal balance; expires when mortgage is paid off Owner’s Title Insurance: Protects homeowner’s interests; insures against losses due to title defects; one premium payment at close; remains in effect as long as you own your home. What it covers: title search mistakes; errors…