An overview of title insurance when it comes to owning a home.
When you buy your home, you receive a deed, which shows that the seller transferred their legal ownership to you. Legal ownership is called the “title.” Title insurance protects you in case there is any legal trouble down the line.
Title insurance is crucial when it comes to completing your home purchase. It protects you and the lender from the possibility that your seller (or previous sellers) don’t have total ownership of the house and/or property. If they don’t, they may not be able to transfer full ownership over—but title insurance prevents that from happening.
A couple of questions to ask about title insurance include “is the seller pushing a specific title company?” or “who do…