Title Insurance: An Overview

Buying a home is the wisest and most rewarding investment you will ever make. With the purchase of real estate comes a feeling of comfort and well-being, the pleasure of knowing your property is yours to do with as you please. When purchasing a home or other real estate you do not actually receive the land itself, you acquire the title to the property with the potential limits asserted by the rights and claims of other prior owners. Paying your money and receiving a deed does not assure you of "good" title.

Title insurance plays a major role in making certain that your home ownership is free and clear of any rights or claims of prior owners. It is possible for other prior owners to hold a legitimate claim against your home. Problems with the title can limit your use and enjoyment, and potentially result in financial loss. The security interest of your mortgage lender can be threatened as well. Title insurance protects you and your mortgage lender from potential risks associated with defects in title.