Blog - Month: June 2021

Month: June 2021

3 Myths About Title Insurance Debunked

3 Myths About Title Insurance Debunked

Posted By Andrea Robinson
June 03, 2021 Category: General

  The topic of title insurance is surrounded by misconceptions that keep home buyers from recognizing its importance. To help you better understand why you need title insurance, we will debunk some popular myths about how title insurance works and whether you need to purchase a policy.   1. The home is entirely new, so I don’t need it. Even when a home is brand new, the land where the house is built has still been owned by numerous people over the years. The age of the home has nothing to do with potential issues that could arise over ownership of the home. In addition, owning a new home comes with other potential problems. Items such as easements, restrictions, HOA liens, and other things could affect your ownership interest and use of the property.   2. I’m in good shape because there was a title search done at some point. A title search will examine the chain of title, legal description, check for judgments and ensure that the taxes are current on the property. An owner’s title insurance policy protects the buyer against anything that may have missed in the title search protecting one of your most valuable investments.   3. The sellers owned it for many years, and I don’t have anything to worry about. You might assume that there aren’t any issues if a home has been in a family for a long time. The amount of time a home has been owned has no bearing on whether or not it can come with title issues. A home that has be

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