Monday, April 30, 2007

For Buyers

7 Reasons Buyers Need Title Insurance

Title insurance can help ensure the buyer and the lender that title defects will not make a property unsaleable in the future because of:

1. Forged documents

2. Undisclosed heirs to the property

3. Mistaken legal interpretations of wills or trusts

4. Misfiled documents—deeds, liens, mortgage satisfaction documents

5. Confusion caused by similarities in names

6. Incorrect marital status

7. Mental incompetence

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