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Why
is title insurance important?
One of the most popular investments you will make
is home ownership. Title insurance is issued after
a search and examination of the public records is
completed from the county where the property is
located. All matters of the public records are
included in this examination however, other title
issues may exist which cannot be disclosed in this
detailed search.
Hidden risks
Listed below are some of the most common title
issues that can result in a claim against your
title and more importantly, loss of that title.
. Forgery
. Unknown or missing heirs of an estate or
misinterpretation of that estate
. Improperly executed documents, i.e....
lack of witnesses or notary
. Improperly recorded documents
. Deeds given by incompetent persons or
minors
. Unpaid taxes that a title search may not
show as estate or income taxes
. Fraud |
Remember, these are just a few
examples of problems that could arise in
connection with previous owners.
When choosing a reputable title company look for
experienced, skilled professionals with a customer
service conviction.
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