🏠📜🔍 Ever wondered what Title Insurance is and why it’s important in your home buying process? Well, let’s shed some light on this often misunderstood part of real estate!
In essence, Title Insurance is a form of protection that insures against financial loss from defects in title to real property. It’s a one-time purchase typically made at closing and is important for two main reasons:
1️⃣ Ownership Rights: It ensures that the seller has legal rights to sell the property. This means you’re protected if there are claims or legal rights of others that were previously undiscovered.
2️⃣ Peace of Mind: It gives you the confidence that you won’t lose your investment if there’s a problem with the title. These could be issues like outstanding lawsuits, liens, or even errors in public records.
While there are two types of Title Insurance (Owner’s Policy & Lender’s Policy), it’s the Owner’s Policy that protects your interests. The Lender’s Policy safeguards the lender’s financial stake.
While Title Insurance may seem like an extra cost, it’s a small price to pay for the security and peace of mind it provides. You’ll be protected against potential title discrepancies and ensure your home-owning journey is smooth sailing!
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Today is a good day to get started, let’s embark on this exciting journey together. Reach out to Ashe County Realty today, and let our experienced team guide you through the real estate market. Whether it’s a cozy cabin in the mountains or a charming home in town, we will help you find the perfect place to call your own.
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