Article Categories

»	Arts & Entertainment
»	Automotive
»	Business
»	Careers & Jobs
»	Education & Reference
»	Finance
»	Food & Drink
»	Health & Fitness
»	Home & Family
»	Internet & Online Businesses
»	Miscellaneous
»	Self Improvement
»	Shopping
»	Society & News
»	Sports & Recreation
»	Technology
»	Travel & Leisure
»	Writing & Speaking

Reprint Article Code

Category: Articles » Finance » Real Estate » Article » Article Code

Why A Buyer Should Protect Himself With Title Insurance

Most homebuyers are familiar with other types of insurance (auto, boat, life) but are not certain as to exactly what title insurance is when it comes to buying their home. In order to best protect himself or herself, a savvy homebuyer must insist that title insurance is provided for upon the close of escrow. This insurance policy protects a real property owner, and/or the lender, against any potential loss a prospective home buyer might experience in connection with any liens, encumbrances, or defects in the title for the property they are purchasing that ... read more

Article Title:

Article Body:

Most homebuyers are familiar with other types of insurance (auto, boat, life) 
 
but are not certain as to exactly what title insurance is when it comes to 
 
buying their home. In order to best protect himself or herself, a savvy 
 
homebuyer must insist that title insurance is provided for upon the close of 
 
escrow. This insurance policy protects a real property owner, and/or the 
 
lender, against any potential loss a prospective home buyer might experience in 
 
connection with any liens, encumbrances, or defects in the title for the 
 
property they are purchasing that might have been missed in the original title 
 
search. To clarify some of the real estate legalese, Liens are usually a form 
 
of money encumbrance that usually makes property security for the payment of a 
 
debt such as a judgment, unpaid taxes, mortgages etc. An encumbrance is 
 
anything the burdens the owner¡¯s title. It is basically any interest in the 
 
property, possessed by someone other than the owner. In short, an encumbrance 
 
is anything that burdens the title with legal obligations.

For example, a previous property owner might have forged their signature when 
 
transferring title or there might have been tax liens owed and secured against 
 
the property that did not surface with the original title search. Title 
 
insurance then covers the home buyer (insured party) for any claims and legal 
 
fees that arise out of such problems.

Title insurance also protects against claims from other defects such as another 
 
person claiming an ownership interest, improperly recorded documents, fraud, 
 
forgery, liens, encroachments, easements and other items that are specified in 
 
the policy.

Unlike other types of insurance (car, life, health, etc.) that basically assume 
 
risk for future potential events, Title Policies insure the history of 
 
ownership of the real property and the people who owned it prior to the date it 
 
was issued. Also, unlike casualty insurers who collect monthly or annual 
 
premiums, a title policy is usually paid for with a one time premium which is 
 
handled at the close of escrow. 
 
While title insurance is not a type of insurance you buy frequently, if any 
 
problem were to arise n the future, you¡¯ll be glad you insisted on buying 
 
title insurance when you purchased your home!

For more information visit http://www.nefcortez.com

Author Bio:

Some other recently published real estate articles

Effective Real Estate Strategies for Slow Markets by Craig Higdon
Speeding Commercial Real Estate Sales in Slow Markets Effectively building commercial real estate wealth requires the ability to spot a great bargain ...

Real Estate Management by Ismael D. Tabije
Real estate management is primarily engaged in the practice of handling, supervising and controlling an immovable proprietary. Purchasing real estate requires a significant investment, and each parcel ...

Letting agents directory – making your search easier by Rick Martin
The easiest manner of advertising rental properties and of allowing tenants to view the advertised properties is by going online and creating a website available for everybody; also, it shouldn't be too difficult for visitors ...

Why A Buyer Should Protect Himself With Title Insurance by Nef Cortez
Most homebuyers are familiar with other types of insurance (auto, boat, life) but are not certain as to exactly what title insurance is when ...

Letting agents for fast letting services by Rick Martin
If you try to count the advantages and disadvantages of renting your apartment as a landlord instead of using letting agents, you will ...

Hot Commercial Properties in Gurgaon by Anand Kumar
Commercial properties in Gurgaon becomes a source of golden land investment as prices in the area reached new heights in short span of time. Infrastructure development to support ...

Publisher Guidelines

You may reprint this article electronically in your newsletter or on your website, free of charge.

If you reprint this article from our site, then you must keep everything intact. This includes the articles title, author name, articles body, authors bio / resource box, the links contained within the article, all copyright notices and the link pointing back to our site. All links within the article must also be made active / hyperlinks.