What should you know about....

by Nick 15. September 2011 11:19

In an effort to give a full understanding of the title and closing process we wanted to start a series of articles on the true definition of terms, as well as the features and benefits of various types of title insurance.

First we will look at Title Insurance.  Title insurance is usually required by the lender to protect the lender against loss resulting from claims by others against your new home.  In some states, attorneys offer title insurance as part of their services in examining title and providing title opinion.  The attorney's fee may include the title insurance premium.  In other states, a title insurance company or title agent directly provides the title insurance. 

Next time we will cover the benefits of an Owner's Policy