west melbourne: What is Title Insurance and Why do I need it?
- 09/29/07 05:05 AM
Q: What is title insurance and why do I need it? A: Abraham Lincoln lost his home twice due to problems with the title. The purpose of title insurance is to help you avoid the same fate. Simply put, it insures you and your lender against errors or potential problems with the ownership documents of your home. For example, if someone was to claim to be the rightful owner of your home, the title insurance protects you against possible loss or damages. Two types of title insurance are available. The lender's policy protects only the lender from title defects, liens or judgments. … (0 comments)
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