Title insurance is a critical aspect of the real estate industry. It protects homebuyers and mortgage lenders against any unforeseen defects or disputes related to property ownership. Title insurance companies have been around for over a century, providing peace of...
As a homebuyer, you've probably heard of homeowner's insurance, but you may need to become more familiar with title insurance. Title insurance is an essential part of the home buying process that protects against unforeseen issues with the property's title. This blog...
Purchasing a home is a significant investment, and home buyers must be aware of the potential risks of the transaction. One such risk is the possibility of title defects resulting in disputes, lawsuits, and financial losses. Title insurance is a form of protection...
One of the biggest industries and a vital component of the U.S. economy is real estate. Title insurance is helpful because it protects homebuyers against hidden title risks that could endanger their financial investment in property. Title firms started offering...
Bound by the Law of Property (Miscellaneous Provisions) Act 1994, the inclusion of phrases and a few words can ensure that the buyer benefits from a few implied covenants. As implied in the Act, the phrase, 'the seller,' who sells with a full title guarantee, means...
In real estate, the term "Closing" is the last process in buying and financing a home. In fact, the "Closing" has also been called "Settlement," which means all the other parties in a transaction of mortgage loan sign the necessary documents. When a home is purchased...
There's nothing more ideal than getting the keys to a new home. After all the struggle with your lender, you're finally free. But you might not know that your title insurance agency will work behind the scenes to ensure the deal goes smoothly. Few people who want to...
If you're looking to purchase a house shortly, you should familiarize yourself with the terms "title guarantee" and "deed guarantee." The seller transfers ownership of the property to the buyer. Both the grantee and the grantor must remember that a deed is not the...
Getting a home requires several steps, including securing a title that safeguards the buyer's rights to the house for which they are paying. Then, to protect themselves from costly title defects, home buyers have to secure title insurance, which can easily be confused...
Buying or selling a property will mostly be the biggest step in the lives of people. Hence people look to take title insurance from a reliable insurance provider to safeguard their investment. Amidst this, there will be one question in your mind: "Should you buy a...
The Homebuying Process Buying a home is a major financial and emotional milestone in a person's life. Selecting a property, securing financing, finalizing paperwork, and eventually obtaining ownership are all crucial steps in this progress; one often overlooked yet...
If you recently bought a home, you will have to take care of any paperwork, including insurance. As you purchase a home or property, a document termed "title" defines the right of ownership to that home or property. This Title is protected by Title insurance against...
Title insurance is that kind of insurance for safeguarding the homeowners and mortgage lenders against the claims that challenge a property's ownership rights. In case of any clashes for title ownership after deal closure, the title insurance policy will compensate...
Whenever you are looking to buy a property, an important step is to obtain the title to that property. This legal entity will ensure the transfer of ownership rights of that property from the previous owner. Imagine if there are any issues related to this title that...
If you are in the process of buying a new home, then you might have heard the importance of getting title insurance. It is among the list of standard procedures taken by homeowners before the completion of a home purchase deal. It is important for homebuyers since it...