Title Insurance

What is Title Insurance and Why Do I Need It?

The purpose of title insurance is to protect the owner (and lender) in the event that a title defect is discovered after real property has transferred. You need title insurance to protect your ownership interest in the property.

Owner’s Title Insurance protects buyers of real estate against title defects that may exist against a property.

Lender’s Title Insurance insures the lender as to the priority of its lien.  This means it ensures that there are no other mortgages or liens recorded prior to their mortgage. Title Insurance is required when you get a mortgage on your property. A mortgage is a lien on property. The mortgage says that if you default on the loan (if you don’t make the payments), the lender can take back the property.