Why Title Insurance?

By
Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

If you have purchased a home you have been required by your lender to provide title insurance.

That mystery thing called title insurance that seems to be a big cost can save you a lot of money when ownership or other property issues arise from a purchase.

The other words that are rarely talked about is the chain of title.  This means the title company looks at the previous owners to make sure your ownership in the property is transferred clearly to you.  The lender wants to make sure you have ownership too since you are using the home and land as collateral for the purchase.

I have an article that discusses title insurance and many more subjects on my website. 

Just follow the link below by clicking on it and you will have many questions answered concerning Title Insurance.

http://www.flexitrealtymichigan.com/WhyTitleInsurance

Knowing more will help you have an easier time with your purchases and sales of real estate.

Flexit Realty logoGary L White Flexit Realty, http://www.flexitrealtymichigan.com

 If you live in the Grand Rapids or the West Michigan area, are not under contract and would like to sell or buy a home....give me a call.  It could save you thousands!  FlexIt Realty designs selling and buying programs to meet our clients' needs.  Your call is always confidential and you are never pressured.

"Help is only a Call or Click away!"©2006-2009

Call Toll Free:  877-667-4699 
Local: 616-784-2360 
Email:
garywhite@FlexItRealty.com

Comments (10)

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I always recommend title insurance.  Not only is it about the "chain of title" but the enhaced policy offers even great protection.. eg. forgery, failure to notify beneficiaries  etc.

Jun 20, 2009 02:28 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Gary, Title insurance is indeed a needed protrection and I always recommend it.  Your web site has some great information for buyers and sellers.

Jun 21, 2009 04:16 AM
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate

Hi Gary, This is an excellent series of posts you have on your blog.  I may reblog a couple of them if you don't mind. 

Jun 22, 2009 10:56 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Gary - That's a very informative post!  I have been in this business 27 years, and have NEVER closed a transaction without title insurance.  There have bee 3 instances in those years that I was really glad it was in place.

Jun 22, 2009 12:59 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

There will never be enough explanations of this to reach all the consumers!  This is very nicely done, Gary.

Jun 23, 2009 09:33 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Joan, I can say not having title insurance is like a high rise without an elevator.  It just doesn't make sense.  The value of protection versus the cost isn't worth talking about.  Thanks for the comments Joan.

Jun 23, 2009 09:49 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Rebecca, can't remember myself not recommending title insurance ever.  Just to many pitfalls today.  Thanks for the comments Rebecca.

Jun 23, 2009 09:51 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Shirley, re-post anything you would like.  I think the more people understand the better off we all are.  Thanks for the comments Shirley.

Jun 23, 2009 09:53 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Myrl, it makes me wonder when I see transactions with title insurance only on one side.  Thanks for the comments Myrl.

Jun 23, 2009 09:54 AM
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Gary, I had some clients buying a foreclosure and since they were paying cash they did not want to buy a title policy.  I told them I would require them to sign something saying that I recommended they buy it.  I guess that did it they bought the title policty.  You just never know what could happen without it.  I just think that could be a VERY costly mistake.

Jun 25, 2009 03:51 PM