What is Title Insurance?
What is Title Insurance and why do you need it?
Title insurance is issued by the title company that closes the transaction. Title insurance is a MUST HAVE.
It protects and guarantees that everything in regards to the title or deed is correct. This is good both for the lender and the borrower.
You do not want any surprises after you move into your new home.
Basically, the title company does a title search of public records and confirms that the seller is indeed the owner of the property, and
makes sure there are no liens or other claims on the property. Then, the title company sells you title insurance, guaranteeing that their search is correct.
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