clearly reveals any additional issues
which may adversely effect the home and the necessary requirements
to resolve them. It is the Title Insurance policy
that enables a lender to sell the mortgage to investors
who must have a universally accepted assurance against
title defects or liens.
How does a Title Insurance company obtain
the information to protect your property?
Fact: A Title Insurance policy recognizes
and eliminates risks prior to closing, rather than assuming
risk on a probability or actuarial basis. Title
Insurance companies perform a thorough and detailed search
in the public records to establish rights to and in the
property and to limit possible claims against it.
What happens if there is a claim?
Fact: Title Insurance is the vehicle
through which real estate transactions are completed with
protection from legal and financial claims of others. Title
Insurance assures that any claim will be defended and,
if warranted, paid. There are multitudes of title
problems that could occur from human error to outright
fraud. Fortunately, there is a universally accepted
means of dealing with title issues.
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