What Is Title Insurance?
Here’s how title insurance works and when you need to have it.
I recently had a client ask about title insurance, so today I want to explain what it is and why it’s important.
Title insurance is a form of insurance that protects lenders and homeowners from financial loss. The most common type is lender’s title insurance. However, there is also owner’s title insurance, which protects homeowners from potential ownership claims from another party or undiscovered liens or lawsuits.
If you’re buying a home with a loan, the lender’s title insurance will be necessary. If you’re a cash buyer, however, this is optional.
If you have any questions about title insurance or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.