Title InsuranceIn fact, your lender will insist on it -- and
you'll have to pay. The policy protects the lender (but not you) should there
be any claim on the land from former owners -- say a divorced woman whose
ex-husband forged her signature on a quit-claim deed, a mechanic's lien from an
unpaid subcontractor or a long-lost heir.
Educate yourself at the Realestatejournal.
...you do need title insurance. In fact, your lender will insist on it -- and you'll have to pay. The policy protects the lender (but not you) should there be any claim on the land from former owners -- say a divorced woman whose ex-husband forged her signature on a quit-claim deed, a mechanic's lien from an unpaid subcontractor or a long-lost heir. Posted: Sat - April 9, 2005 at 12:50 PM | |