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Titles >Do You Really Need Title Insurance
When a home is purchased, title insurance is one of the closing cost items on the closing statement. This insurance protects the buyer from defects in the title that are not discovered until after the closing. There are two kinds of title insurance--coverage that protects the lender for the balance of the mortgage if the buyers have a loan, and coverage that protects the buyers' equity in the property.
It is prudent to purchase owners' coverage because most of the title problems that arise after a closing are not from a sloppy title search, but are the result of inaccurate information in the public records. The ownership chain goes back a long way, and fraud or misrepresentation anywhere in the chain could mean big problems. Title insurance will protect you if a wife or husband did not properly sign off on the ownership papers or if the property was sold as part of an estate that was later disputed. Most people do not have to deal with the title insurance company after the closing, but this coverage could save your investment if a problem arises.
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| Q |
What site discovered in 1965 is considered the world's oldest known habitation?
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| A |
The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago. |
See More Real Estate Trivia > |
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Art Hudson Century 21 Mountain Lifestyles 640 Greenville Hwy Hendersonville, NC 28792 Direct: 828-606-1671 Fax: 828-693-7297 Office: 828-692-8275 Art.Hudson@centuyr21.com FaceBook: Art Hudson
Member of the "Master Sales Society" and a graduate of the "Master Sales Academy" in Chicago Illinois January 2009. I subscribe to the following:
1. Live by the "Get By Giving" philosophy
2. Make my client's goal my #1 goal
3. Live up to my standards, despite temptations to lower them
4. Be willing to work toward the common good
5. Do what I say I will do, sometimes more,just never less. 
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