Weston Real Estate News

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September 2006

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Title insurance defective may cause you problems when buying a home

Buying a home is the most important decision you can make in your life. As you move toward the great day of closing, all particulars can be a little bit uncontrollable. This usually happens when a buyer has no support from a Real Estate Agent. You might easily be unsuccessful in seeing the most important step of the home buying process: the Title Insurance on the new home. A title is the proof that a person gets to the ownership and possession of land-property. It is probable that somebody other than the owner has a legal right to the property. If that right is proved , this person can allege the property outright or demand the owner in regards to its use. So, purchasing a Title Insurance is a must as well as getting the full cooperation of a professional Realtor. Title Insurances will protect you from monetary loss related to ownership rights of your new home. However, there have been recently detected some hidden defects into title insurances. Your Real Estate Agent will tell you about the owner’s policy especially designed to protect homebuyers from title insurance defects. Be advised.