10 More Reasons for Title Insurance
I have promised last week I will give ten more reasons for Title Insurance:
•1. An heir or other person who was presumed dead may appear and rover the property or show an interest in the property.
•2. A judgment reference the title may be voided, due to some defect in the proceeding.
•3. If you insure the title, you can eliminate delays, when passing your title on to someone else.
•4. Title Insurance will help speeding the negotiations, when you are ready to sell or obtain a loan.
•5. A deed or mortgage may be voided, if signed while the grantor was in bankruptcy.
•6. There may be a defect in the recording of a document upon which your title is dependent.
•7. Claims have risen drastically over the past 30 years.
•8. A deed or mortgage may have been procured by fraud or duress.
•9. Title Insurance covers attorney fees and court costs.
•10. Many attorneys protect their clients as well as themselves by procuring Title Insurance, should you?
This one reason I feel the urge to repeat from my original ten. : A title policy is paid in full by the first premium for as long as you own the property.
If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com