Title Insurance

What Is Title Insurance?

Alright, let’s talk title insurance—yes, it sounds boring, but stick with me. Imagine buying your dream home, only to find out later someone else legally owns it, or there’s a hidden lien. That’s where title insurance jumps in, and acts as your financial bodyguard. It ensures your ownership stays yours, protecting you from costly surprises.

So, Why Do I Need It?

Buying property is a big deal—it’s not like buying a couch you can return. Without title insurance, you could end up battling legal headaches over ownership disputes, unpaid taxes, or old mortgages. For a one-time payment, at the time of the closing, you get peace of mind. And, as long as title remains the same since time of purchase, you won’t have to buy it again. Think of it as a small price to pay for keeping your castle secure.

Let’s Break It Down:

1. Title Search:

   This is the detective work. We go way back into the history of the property, via the public records, to check, for issues—unpaid taxes, liens, judgments, or anything that could mess with your ownership.

2. Title Commitment:

   After the search, you receive a document saying, “We’re ready to insure your property,” as long as certain conditions are met. Think of it as the pregame checklist.

3. What Title Insurance Covers:

   It protects against hidden issues like fraudulent deeds, unpaid taxes, or a forgotten home equity line. It’s a one-time fee, covering you as long as you own the property.