rockville: The Importance of Title Insurance
- 07/26/12 03:37 AM
I am a little confused about title insurance. Why should I buy title insurance if there has only been one previous owner? Further, doesn’t the settlement attorney check the title to the property? Title insurance protects real estate purchasers and/or lenders from losses that arise after a real estate settlement, but result from unknown liens, encumbrances or other defects upon the title that existed prior to settlement. Examples of title defects include outstanding property taxes not paid by a previous owner, fraud or forgery of a prior deed or transfer, or a spouse or unknown heir who steps forward to make a claim against the title. If … (1 comments)
Truly a sensational home that has been customized without compromise, combining traditional influences with an open flair. The spectacular entry foyer with a soaring ceiling and center oak staircase welcomes you to the many outstanding rooms, including a sun-filled kitchen with an adjoining private screened-in porch, a formal dining room, dramatic two-story family room with floor to ceiling stone fireplace, an elegant living room and a private library with garden view. This unique property with a private lot accommodates full-scale entertaining as well as comfortable indoor and … (0 comments)
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Looking forward to seeing you on Sunday, April 29th! … (0 comments)
I am a little confused about title insurance. Why should I buy title insurance if there has only been one previous owner? Further, doesn’t the settlement attorney check the title to the property?
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