FAQ’s
What Is Title Insurance?
There are two types of title insurance. One is the Owners Title Policy which is paid for by the seller and insures the purchaser of having clear title to their new home.
The other is a Lenders Title Policy or Mortgage Policy. That is required for anyone taking out a mortgage on their new home. The buyer is responsible to pay for this coverage and this is protection from the lender.
Why Do I Need Title Inurance?
Without an Owner’s Policy of Title Insurance, you may be leaving home ownership vulnerable to terrible risk. For example what would you do if someone knocked on your door one day and said “I am the real owner of this property, and the person you bought it from was a fraud”? Without title insurance, you would be left to hire your own attorney in hopes that he or she could prove that your title was clear.