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TITLE | |
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Real Estate has always been considered an individual's most valuable asset. For most people, it is the most expensive and important investment they will make in their lives. Because it is such an important factor in our society, it is granted unique treatment under the law. When you purchase a home or other real estate, what you acturally acquire is title to the property, rather than the land itself. Your title encompasses ownership, use and possession of the land. However, title to property may be limited by rights and claims asserted by others. Problems with title can limit your use and enjoyment of realestate, and have negative financial consequences. Title defects also threaten the security interest your mortgage lender holds in the property. Protection against hazards of title is available through a unique coverage known as Title Insurance. Unlike other kinds of insurance that focus on possible future events and charge an annual premium, title insurance is purchased for a one-time payment and is a safeguard against loss arising from hazards and defects already existing in the title, with extended coverage available to cover certain future events, as well. Thanks to title insurance, home buyers can enjoy protection against many title claims and potential losses. When title insurance is provided, lenders are willing to make mortgage funds available in geographical areas where they know little about local market conditions. Title Insurance policies offer unique safeguards that are essential for secure investment by both real estate purchasers and lenders. Make sure you are fully protected. Insisit on Title Insurance! | |
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