The Reasons You Need
Title Insurance
A real estate title is an intangible construct that represents a bundle of rights in a piece of property. Titles can vary based on the type of ownership equity and rights they represent. Real estate purchases require a lot of money and should not be taken without necessary precautions. One way that you can find yourself in a bind is when you buy a title with defects. Title defects can include liens, owner’s debt, and other ownership claims on the property.
Issues with a title can leave you on the hook to remedy them. This can take up much of your valuable time and money. These are things that can be avoided when you purchase title insurance when you buy a property. Title insurance protects against covered title defects such as liens and owner’s debt. It is a way to ensure the secure transference of property for the buyer and the seller. Title insurance is unlike other insurance because it protects against past issues instead of future problems like traditional insurance.
Contact Us Today for Affordable Title Insurance!
Laredo Title & Abstract is a title search and insurance company serving the Laredo, TX area. Title insurance is a necessary part of every real estate transaction. It helps to protect all parties from any past title defects upon the sale of a property. Owner’s title insurance is not required, but we always recommend that you get it to protect yourself and your property. Contact us today to learn more about our title insurance products!