Here’s a straightforward breakdown of what it is and why it’s essential:
• It protects homebuyers and lenders from past issues related to the property’s ownership.
• Unlike other insurance types, it covers past events that could affect property rights.
Why is Title Insurance Important?
☑ Ownership Disputes: If undiscovered claims or fraudulent deeds arise, it covers legal defense costs.
☑ Liens and Debts: Shields you from unpaid debts like property taxes or contractor bills from previous owners.
☑ Fraud Protection: Safeguards against losses from forged or fraudulent past transactions.
☑ Legal and Financial Security: Covers legal fees and potential losses, ensuring peace of mind.
Types of Title Insurance
• Owner’s Title Insurance: Protects homeowners for as long as they own the property.
• Lender’s Title Insurance: Required by lenders to secure their interest in the property until the mortgage is paid off.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
