Provides peace of mind for title owners, helps speed the title search process, provides title defense when necessary, and protects title owners in court. Title insurance is a special kind of title warranty that protects real estate title owners and lenders from losses caused by defects in the title.Īlthough title insurance is not required, it can be purchased voluntarily to protect against title defects such as fraud, lack of authority, or liens that may appear after closing, and even may add value to property transactions because it not only makes title examination easier for the title insurer but also helps ensure the transferability and marketability of title while protecting real estate buyers and their lending institutions from any hidden title problems.įinancial risk and potential liability associated with owning real estate by ensuring legal ownership free and clear of all encumbrances or other claims on the title
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