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Title Insurance, The Crucial Reason Why You Need It

Date: Jun. 8, 2007
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More and more people are overlooking title insurance and paying the price!  Don’t let this happen to you.

Title Insurance BookReal Estate is one of your most valuable assets. Real Estate is a form of wealth that is protected by many laws at the local, state and national levels. These laws have been enacted to protect your ownership of real estate and to protect your “Bundle of Rights” conveyed with owning it.

The current owners, the owner’s family, and the owner’s heirs have extremely strong rights or claims in and to the property that you are buying. Those that may have an interest in or lien on the property could be an governmental body, contractors, lenders, judgment creditors, the IRS, or various other individuals or companies.

 

The real estate ( land, residence or commercial property) may be sold to you without the knowledge of the party having a right or claim on the property. In addition, you may be purchasing the real estate without having any knowledge of their rights or claims against the property. In either event, any rights or claims remain attached to the title to the property that you are buying until they are removed.

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