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Title Insurance |
Questions? Call Us At 602-697-3093 |
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5 Things To Understand About Title Insurance
- 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.
- It’s a one-time cost usually based on the price of the property.
- Who pays for title insurance? It’s usually paid for by the sellers.
- 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.
- 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. Click HERE to view a list of Title Companies/Agencies we work with and trust.
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