By understanding what title insurance is and what it covers, it can be the most important piece of your new home purchase! Title Insurance may seem like an extra expense, which just doesn’t seem worth it, especially after the expensive undertaking of the purchase of the home, paid escrow funds, realtor fees, fees for property taxes, inspections and for a title search. But in the end, title insurance does exist for good reason, it is a smart move on the buyers part.

To get straight to the point, title insurance protects you from all unforeseen claims arising against your property. You might be wondering, “What type of claims could come about?” They can come in the form of probate issues, liens against the property or even old fashioned forgeries. Though it may seem unlikely to happen, it does and even more so in stressful economic times, as  now. The high foreclosure rates we have been experiencing, can also contribute to more claims against a property, even from unpaid contractors to the prior owners nasty divorce.

Let’s give an example of something that COULD happen. You just purchased your dream house and are moved in. Then you get a knock at the door, uh-oh, it’s a contractor that installed new windows for the previous owners claiming he never got paid. Or how about this scenario, suppose the previous owners are going through a divorce and one party forges the others name on all the selling documents. The other spouse, whose name was forged, could come back to you and claim the house was sold under false pretenses and try to get it back from you. Now, guess what, you have a claim against your home. This means going to court to fight the contractor, which means you incurring a large fee for attorney costs and what happens if you lose, you could also lose your house.

With title insurance…YOU ARE PROTECTED!!

Have questions, or want to run a scenario by us?

Call us at 239-415-6574 or visit our website @

Posted on June 1, 2012, in Title and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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