home purchase protection: Why is Title Insurance Necessary for your Home Purchase? - 08/29/10 10:11 AM
Why is Title Insurance Necessary for your Home Purchase?
Home buyers often ask what the significance is of title insurance in the buying process.  You have so many expenses that are coming out of your pocket right now.  Is this one that is particularly worthwhile?
Unlike home owners' insurance which is to cover any problems that may arise in the future - title insurance is there to cover something that may have already occurred.
According to the American Land Title Association (ALTA), about 25 percent of all residential real estate transactions have issues with the title.  Most are resolved prior to … (8 comments)