What is Title Insurance?

Sara

The real estate business has a lot of loopholes that can lead to the loss of your home in the future. Luckily, the loopholes can also be dealt with in advance to prevent any drama in the future. One of these precautions is the title insurance that insures any problems that may come with the processing of the title.

Getting title insurance is one of the standard steps home buyers take before closing on a home purchase. Title insurance is crucial for a homebuyer because it protects you and the lender from the possibility that your seller does not -- or previous sellers did not -- have free and clear ownership of the house and property and, therefore, cannot rightfully transfer full ownership to you.