Ever wondered why you need Title insurance when buying or selling your home? I’ll address some of the most common questions about title and share with you a video below from The Petty Team with RE/MAX DFW Associates.
So what is Title Insurance?
– An insurance policy that provides coverage for future claims or future losses due to title defects that occurred prior to your acquisition of the
Why do I need Title Insurance?
– When you purchase a home, you are making what is most likely the largest investment of your lifetime. You want to be sure
it’s protected against a possible loss due to problems with the
title. In addition, title insurance also protects you against
hidden risks that are not discoverable by a search and examination of
those public records, including forgery, fraudulent impersonation, and
other errors in the records.
How much does Title Insurance cost?
– Well that all depends on the value of your property. Title insurance, unlike auto insurance, is a one time fee paid at closing.
Here is a quick video that The Petty Team put together to give you more information on Title Insurance.
<a href=”https://plus.google.com/u/0/103249943604874473257/?rel=author”>Ashton Watson<a/>