Buying a piece of property might be one of the biggest investments in your whole life. If you want to buy a home you are advised to examine the past and present ownership rights to find out if the individual you are buying the property from is the actual property owner , and if these include any limitations to their ownership property right .
Title insurance shields a home buyer and lender against future loss when you find title documents for the home you are buying, is actually inaccurate. Most lenders also need that you have title insurance. You just pay for title insurance at one time and it will have an effect until you finally sell your home or refinance.
Public records are investigated to locate all documents associated with the title. (more…)