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Tuesday, 12 February 2013

Title Insurance

Title insurance comes into play during real estate transactions and exists to guarantee that the title to a given property is, in fact, valid and marketable title free and clear of liens, judgments or encumbrances. The danger is that a prospective home owner or real estate investor will pour weeks or months of time (to say nothing of the purchase price) into buying a property, only to find out that they do not actually have clear ownership of it when the deal goes through. The resulting legal battles involved in unwittingly buying a property with liens or judgments can be extremely problematic. Title insurance protects prospective buyers or investors from inheriting any such problems with the property they are buying.

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