Title insurance is part of just about every real estate transaction, yet most buyers and sellers are oblivious to this step along the way toward a successful property transfer. Title insurance assures the bank lending you money that no one else except the seller has a claim on the property you want to buy, and as the property owner, you might also want insurance against fraudulent claims.
As a home owner, your title is the document showing you are the legal owner of your property. But you are not the first one to call that piece o land yours. There is a long chain of ownership on the land where your home rests.
For you to get a mortgage, bank officials want to be sure there are no mistakes or forgery associated with the deed and no one else other than the people selling you the property can lay claim to it. That's where the title searchers come in. They comb through records to make sure the title is clean.
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