Title insurance is a policy provided by the title company or attorney’s office that guarantees the accuracy of the research done on the title of your home at the time of purchase.
As a buyer or seller, you may be required to purchase Lender’s Title Insurance, which prevents the lender from loss in the event of any legal issues relating to the title of your home.
At the time of purchase, a buyer is generally offered the opportunity to purchase Owner’s Title Insurance, which is a protection for the owner of the home against the same potential future loss.
I hope you find this information to be useful! Please do not hesitate to contact my office if you have any questions, or know a friend or family member that we can help make their dream of ownership become a reality.