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Get the Scoop on Title Insurance: What is it and Do You Need it?

Get the Scoop on Title Insurance: What is it and Do You Need it?

A property title is a document that shows the legal owner of a property. The title includes information about the property, such as the address, the owner's name, and any liens or mortgages against the property. The title is important because it proves ownership of the property and can be used to transfer ownership of the property. Title insurance is a form of insurance that protects the title to a piece of property from any claims that may arise against it. This type of insurance is typicall[...]

Title Problems That May Delay Closing

Prior to scheduling a closing date, the title of the property must be checked to ensure that it is clear with no encumbrances. While most closings go smoothly, it is not uncommon for title problems to crop that delay the real estate transaction. Being aware of these potential issues helps prepare you for all eventualities. More importantly, knowing about title problems that may delay closing allows you to better serve your real estate clients during a high stress period in their life. Liens on P[...]