What is Title Insurance?

Dated: February 17 2022

Views: 312

Common Real Estate Questions:

What is Title Insurance?  Title Insurance protects the buyer and the lender from loss due to bad title.  One of the interesting things about Title Insurance, is it protects you from the past events, where most insurance protects against future issues.  Many, title policies cover most of the common claims filed against a title, including undiscovered liens, back taxes and conflicting wills.

Imagine, you buy a home, and then you discover that there is an unpaid lien on the property from a pervious owner.  It will protect you and your investment from monetary loss.

How much is Title Insurance?  It varies depending on the price of the home.  There is a simple, formula for figuring out how much you can expect to pay.  If you are interested in the formula, please reach out to me and I can go into much greater detail.  Also, worth noting is that it is a one-time payment.

Who pays for the policy?  As with most things it is negotiable, but it is usually the seller who pays for it.  As, of 2/17/2022 it is a sellers’ market, and to make an offer more attractive, some buyers have offered to pay for Title Insurance.

If you have any questions about Title Insurance, please feel free to reach out to me at christopherhyde0416@gmail.com. 

As always, if you or anyone you know, has any buying or selling they need to do in the San Antonio Area.  Please let me, Christopher Hyde, your local Realtor know.

 

Thanks,

Christopher Hyde

 

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Christopher Hyde

Hello everyone! My name is Christopher Hyde and I have partnered with Re/max to help deliver an exceptional client experience. With a background in sales, I am committed to providing excellent clien....

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