WHAT
IS TITLE INSURANCE
AND WHO NEEDS IT?
Buying a home is the single largest
purchase most people will ever make in their lives, and in this
purchase there are many complicated issues. One of the most important
issues is a defective title. How would you feel to be told one
day your home is no longer yours because the title is defective?
There are many ways that you could have a defective title, false
claims of ownership, forged deeds, wills or signatures, illegal
acts of trustees, guardians, administrators, liens for unpaid
estate, inheritance, income, property and gift taxes; homestead
rights, defective foreclosures, improper court procedures, deeds
by persons of unsound mind, missing heirs, unsettled estates and
improper legal description. |
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Title Insurance |
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The owner's title
insurance policy is an agreement that the insurer will pay all
losses involved in any claim covered by the policy terms. |
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