What is title insurance in real estate?
It is a type of insurance that protects the buyer of a property from financial loss if there are any defects in the title, such as unpaid liens, forged documents, etc.
What is title insurance?
– Protects you from financial losses – Gives you peace of mind – Can prevent costly legal disputes – Protects your investment
The buyer typically pays for the owner's title insurance, while the lender pays for the lender's title insurance. However, in some cases, the seller may also pay.
– Buyer Selects a title company – The title company examines the title for defects and issues a title commitment. – The buyer reviews and orders a title insurance policy.
How much does title insurance cost depends on the property's purchase price, the location, and the title company.
Title Insurance Cost
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