What is title insurance, do I need it, and who pays for it ????

For many of us buying a home is the most substantial, single investment we’ll ever make and all of us want to make sure we do it right, so today I wanted to talk about title insurance. Title insurance is a contractual obligation between you the buyer (and/or your lender) and the title insurance company. The title company you pick will provide for a premium payment an insurance policy against future losses that might result from a variety of possible title defects or encumbrances. Title is a … [Read more...]