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Noemi Cardoso's Blog

By Noemi Cardoso | Agent in Westport, MA

What is Real Estate Title Insurance?


When getting reading to buy a home one of the questions that buyer’s will be asked is whether or not they want to purchase their own Real Estate title insurance policy. In many cases I find that home buyer’s really struggle with this decision because of the hefty expense involved.

Real Estate title insurance is certainly not inexpensive especially when you factor in all the other cost associated with buying a home.

While title insurance is a one time expense, if you are a home buyer and it is the first time you are purchasing a home it can be difficult to come up with such a large sum of money. Real Estate title insurance can easily run into thousands of dollars in a home purchase. Unlike some other types of insurance, title insurance does not carry with it additional monthly premiums. This kind of insurance is a one time expense covering the owner until the property is sold.

One of the questions I get asked a lot by my buyer clients is “do you think it’s worth getting title insurance ’?

Let me first explain what title insurance is and how it covers you in the event of a claim. Real Estate title insurance is a type of insurance that covers financial loss from defects in title to real property and from the invalidity of mortgage liens.

A title policy is put in place to protect an owner’s or lender’s financial interest in a property against loss due to title defects, liens or other matters. The insurance will defend against a lawsuit attacking the title as it is insured, or pay back the insured for the monetary loss incurred, up to the amount of insurance provided for in the policy. Read more...

If you are seriously thinking of buying or selling, or just plain curious to see what’s happening in your area of interest, start your search at the best real estate website www.DistinctiveHomes-NE.com

Noemi Cardoso
RE/MAX Welcome Home
Serving Westport, Dartmouth, Fall River, MA
Little Compton, Tiverton, RI and surrounding towns.
www.DistinctiveHomes-NE.com

Comments

By Mary Beth Hurtado,  Wed Aug 1 2012, 06:30
Terrific Article Noemi! Hope you don't mind, I posted it on our Facebook.com/mainlinerealestate page. We are like sisters RE/MAX agents with Distinctive Homes web sites! Ours is DistinctiveHomesMainLine serving the Philadelphia Pennsylvania western suburbs.

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