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5 Property Tax Questions You Need to Ask
5 Things to Understand About Homeowners Insurance
10 Ways to Lower Your Homeowners Insurance Costs
5 Things to Understand About Title Insurance
5 Things to Understand About Title Insurance  
  1. It protects your ownership right to your home both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person's name or an inaccurate description of the property.

  2. It's a one-time cost usually based on the price of the property.

  3. It's usually paid for by the sellers.

  4. There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.

  5. Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.
Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005 ©. www.REALTOR.org/realtormag

 

 


This data was last updated on Mon Dec 10 14:39:09 EST 2018. The data is subject to change or updating at any time without prior notice. The data is deemed to be reliable but no warranties of any kind, express or implied, are given. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is provided in part by the Internet Data Exchange (IDX) program of the Tri-County Board of Realtors┬«, Inc. The listing firm is identified in the detailed listing information. Copyright © Mon Dec 10 14:39:09 EST 2018 Tri-County Board of Realtors ®, Inc.
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Fairbury, Nebraska 68352
Phone:  (402) 729-3060
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