Title Insurance Explained in Plain English
Purchasing a home or commercial property is possibly one of the biggest, most important investments you will ever make. Title insurance is one of the most important pieces of a transaction, but it is also one of the most misunderstood. Here is a plain English explanation of what it is and how it works: In most, if not all, real estate transactions a title search is done to determine what issues exist that may affect title to the property. The title abstractor goes through the public records and collects all of the information – checking the county courthouse, for example, for prior deeds in the chain of title, open mortgages, liens, judgments, restrictions, rights of first refusal, open estates in…
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