One of the things I never thought about before I bought a house was teh question of having a clear title to the property. Seriously, I assumed that the sales process was a simple one, and that the transfer of ownership from person to person was really quite a simple process. Dare I say that I've since come to understand that this is not the case -- though fortunately, not from any problem with my home. And I now understand why you need to have title insurance when you buy.

Recently, a family member found herself facing a real problem with the property upon which she had built her home. She and her husband had made the purchase years ago, and had built a nice house for the family. But when probate was done on the will of a neighboring farmer, there arose a question about where the property line was -- and that property line ran right through the house. That is where the title companies got involved, and worked out the issue so that the home remained in their possession without any additional expense to them. Not bad for a policy on which you pay only a single premium at the time you purchase the house.

So as you close on the sale of your new property, check out various title insurance companies to make sure that you are getting a policy from one that is reputable.

Posted by: Greg at 10:49 PM | No Comments | Add Comment
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