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These are just a few of the problems that can
suddenly surface and without the protection of title insurance, you would be in jeopardy of losing your
investment.
Are homeowners helpless against these and other pitfalls?
Absolutely not!
You can safeguard your real estate investment against
(see list above) these and other horror with owner's title insurance policy from
Lawyers Title Agency.
First, a service known as a title search
describes - as well as possible - the condition and quality of the title to the land you
are buying. then, your title insurance protects you against mistakes or threats that
might otherwise result in financial loss to you - including those hidden, unknown items.
Your title insurance protection is a
permanent assurance that your ownership and use will be defended promptly against claims
at no cost to you, whether the claim is valid or not.
Who title insurance
protects?
There are two basic types of title insurance protection - one for the mortgage lender
and one for the homeowner or real estate investor.
If a mortgage is to be placed on your new
home, the mortgage lender will probably require that you (the Buyer) purchase title
insurance to protect the institution's position as a holder of a mortgage loan. But
this mortgagee's title insurance policy doesn't protect you, the homeowner.
You need an owner's title insurance policy to protect your investment (the Seller normally
purchases this policy for the Buyer).
You pay only once!
There are no renewal premiums, and there is no expiration date on the policy. yet
the protection lasts as long as you, or your heirs, retain an interest in the property.
If you have any questions regarding Title
Insurance or want to know the rate for your policy please contact Jeff Graves at:
Phone me
@:206.850.9996
or
E-mail me @: jeffg@lawyerstitlewa.com
I
hope we can
be of service.
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