Do You Know The Importance Of Title Insurance Coverage In Snohomish County Washington?

By
Real Estate Agent with Champions Real Estate Services

Hand Holding Magnifying Glass Title insurance protects homebuyers and lenders, not from future hazards, but from problems of the past. With owner’s title insurance, a buyer is free from worry about:

  • An old forged deed that turns up.
  • A long-lost heir that lays claim to the property.
  • A misreading of an old will.
  • Lost documents that come to light.
  • A mix-up of names or marital status of past owners.

Also, a title insurance company will probably pick up the tab on any court costs involved in defending the homeowner’s case. That’s well worth the cost of the insurance – plus the peace of mind. The most economical way to buy an owner’s title insurance policy is to purchase it at the same time as the lender’s policy (Mortgage Title Insurance).

 

Todd Hueffed

www.ThatHomeZone.com in partnership with Keller Williams Bothell

425 220 2276 cell

Comments (2)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I recently had a listing close where the seller added onto the home, put up a shed, and a new fence, and a new ILC was needed before closing!

Apr 20, 2010 02:35 AM
Todd Hueffed
Champions Real Estate Services - Everett, WA

I have not run across to many title issues in my 11 years of real estate. I do remember once however that on a rental I was purchasing that the fence was a foot over the property line and the title company had to send someone out and do a rider to the title commitment. Other than that just the typical boundary issues on new construction and development. I always recommend to my clients that when purchasing acreage to get extended title insurance especially if its a larger parcel but I always have my title company call and talk to my clients before closing to educate them.

 

Todd Hueffed

 

Apr 20, 2010 03:19 AM