rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ratifi5/public_html/wp-includes/functions.php on line 6114Title insurance is a form of\u00a0indemnity insurance<\/a>\u00a0that protects lenders and homebuyers from financial loss sustained from\u00a0defects in a title<\/a>\u00a0to a property. The most common type of title insurance is lender’s title insurance, which the borrower purchases to protect the lender. The other type is owner’s title insurance, which is often paid for by the seller to protect the buyer’s equity in the property.<\/p>\n A\u00a0clear title<\/a>\u00a0is necessary for any\u00a0real estate\u00a0transaction. Title companies must do a search on every title to check for claims or liens of any kind against them before they can be issued.1<\/span><\/p>\n A title search is an examination of public records to determine and confirm a property’s legal ownership and determine whether there are any claims on the property.1<\/span>\u00a0Erroneous surveys and unresolved building code violations are two examples of blemishes that can make the title “dirty.”<\/p>\n Title insurance protects both lenders and homebuyers against loss or damage occurring from liens, encumbrances, or defects in a property’s title\u00a0or actual ownership. Common claims filed against a title are back taxes, liens (from mortgage loans,\u00a0home equity<\/a>\u00a0lines of credit (HELOC),\u00a0easements<\/a>), and conflicting wills.\u00a0Unlike traditional insurance, which protects against future events, title insurance protects against claims for past occurrences.2<\/span><\/p>\n A basic owner’s title insurance policy typically covers the following hazards:3<\/span><\/p>\n Article By: Adam Hayes<\/p>\n Read full article here: https:\/\/www.investopedia.com\/terms\/t\/title_insurance.asp<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" What Is Title Insurance? Title insurance is a form of\u00a0indemnity insurance\u00a0that protects lenders and homebuyers from financial loss sustained from\u00a0defects in a title\u00a0to a property. …<\/p>\n","protected":false},"author":1,"featured_media":1119,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ratified-title-group"],"yoast_head":"\nKEY TAKEAWAYS<\/h3>\n
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Understanding Title Insurance<\/span><\/h2>\n
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