What is Title Insurance When Purchasing a Home?

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What Is Title Insurance When Purchasing a Home?

• Nathan Carlisle

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Lenders Title Insurance vs. Homeowners Title
Insurance

• There are two types of title insurance  one is
  called Lenders Title Insurance which is purposed
  to protect the lenders financial interest in the
  home
• The second type of title insurance is called Home
  Owners Title Insurance which is designed to
  protect the homeowner from unforeseen issues from
  the past that may have, somehow, escaped
  detection and were never publically recorded.

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Is Title Insurance For Newly-Constructed Homes
Necessary?
The answer is absolutely!  Even though you and
your family may be the very first occupants of
your new home, it is the land the home is built
upon that cannot be overlooked
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Title Insurance Protecting the Ownership of
Your Home
Terms of Homeowners Title Insurance policies can
vary, but its not uncommon for title insurance
to cover policy-holders attorneys fees and
court costs, if applicable.  Homeowners Title
Insurance covers circumstances that go back in
time for an indefinite period of timenever
forward in time like regular Homeowners
Insurance would.
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• Thank you

See more at http//www.nathancarlisle.com/blog/wh
at-is-title-insurance-when-purchasing-a-home/