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When a home is purchased, title insurance is one of the closing cost items on the closing statement. This insurance protects the buyer from defects in the title that are not discovered until after the closing. There are two kinds of title insurance--coverage that protects the lender for the balance of the mortgage if the buyers have a loan, and coverage that protects the buyers' equity in the property.
It is prudent to purchase owners' coverage because most of the title problems that arise after a closing are not from a sloppy title search, but are the result of inaccurate information in the public records. The ownership chain goes back a long way, and fraud or misrepresentation anywhere in the chain could mean big problems. Title insurance will protect you if a wife or husband did not properly sign off on the ownership papers or if the property was sold as part of an estate that was later disputed. Most people do not have to deal with the title insurance company after the closing, but this coverage could save your investment if a problem arises.
Linda Dale RE/MAX Action Realty - License number AB061668L 1126 Horsham Road Maple Glen, PA 19002 Direct: 215.646.3954 Office: 215.358.1100 Cell: 215.327.9759 Fax: 215.646.2684 Email: Linda@lindadale.com
Linda has been serving buyers and sellers of real estate for over 25 years. She enjoys the thrill of finding that first home for first-timers, and Linda also enjoys finding that "dream" home for move-up buyers. On a personal note, Linda is an avid golfer, with first-hand knowledge of this areas residential golf communities and courses. Linda's
experience will save you time and money.
Linda is ranked in the top 1% of all agents throughout the US. She also is licensed as an Associate Broker in the state of PA, with
credentials including an ABR (Accredited Buyer Representative), CLHMS (Certified Luxury HOme Marketing Specialist), CRS (Certified Residential Specialist), and a GRI (Graduate, Realtors Institute). Linda is a Temple Graduate with a business degree, specializing in Finance and Economics.
Maple Glen, PA
215.358.1100
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