User:LerchGardner759

It is important to obtain Title Insurancewhenever you purchase real estate, whether you are buying a home, business or investment property. Title insurance protects the buyer of a piece of real estate from loss due to problems with the title, or deed, to the property. These problems can arise due to transactions in the past that were not completed properly. For instance, a husband and wife own a house but she never signs off during the sale. In a case like this, the wife may come back later and claim that she owns half of the house. Title insurance protects you in cases like this.

Title insurance also protects the buyer from liens against the home that they might not be aware of. For example, the IRS can put a lien on someone's house if they are behind on their taxes. The city can place liens if the water bill or other service bills are unpaid. Even contractors who have done work on a house can place liens against. When you obtain title insurance, the title insurance company will check to see if there are liens against the house and they will disclose their findings before you buy. If it is later learned that there was a lien that the title company did not find, then the title company will be responsible to pay the cost to resolve the problem.