Title Policy

What is a Title Policy? It is know as Title Insurance and it is very important to property buyers, it protects buyers from their real estate purchase being challenged by someone who is also claiming ownership. A Title Policy can also protects a buyer from non-disclosed restrictions on the property’s use, the discovery of existing tax liens, errors in the public recording of the exchange of ownership, as well as the likelihood of fraud and forgery. A Title Policy covers the purchaser for the amount that the property was purchased for. An owner’s title insurance is issued for the amount of the real estate purchase. It is a one-time fee at closing and the duration is as long as you or your heirs have an interest in the property. An owner’s title insurance policy will full protect the homeowner in case of a title problem that was not unveiled during the title search, and can also protect you by paying for any legal fees should they arise in defending a claim to your title.