Real estate blog entries tagged with title insurance by Omaha, NE Real Estate | Omaha, NE homes for sale ~ Alliance Real Estate (Alliance Real Estate)

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Home : Blogs : Omaha, NE Real Estate | Omaha, NE homes for sale ~ Alliance Real Estate : Omaha, NE Real Estate | Omaha, NE Homes for Sale : Tag "title insurance"

title insurance: Basic vs Expanded Title Insurance Coverage - 02/17/09 10:56 PM

Most buyers are somewhat familiar with title insurance. Just as you have homeowners insurance insures your home and car insurance insures your car, title insurance insures the title of the property. You would not want to buy a home and two weeks later have someone knock at your door and say that they now have an interest in your property.
There are two types of policies, basic coverage and expanded coverage. Both policies cover items such as a mechanics lien. What is a mechanics lien? Let's say the previous owner had the house roofed and did not pay the roofer. The roofer could now … (7 comments)

title insurance: Title Insurance - 10/09/07 12:32 AM

Omaha, Nebraska Contributed by David Matney with Alliance Real Estate
When a buyer purchaser buys a home the last thing the buyer wants is a knock on the door by someone who claims to own the home. To protect their interest the buyer buys a title insurance policy. Title insurance is typically split between the buyer and seller. There are two types of policies, ALTA 92 and ALTA 98. ALTA stands for American Land Title Association.
Both policies provide protection against public record errors, fraud and forgery, undisclosed heirs, and liens from a creditor of the previous owner. However, the ALTA … (0 comments)

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