Title Insurance: After all negotiations are done and the seller has accepted your offer, you should receive a home title report within a week. Most mortgage lenders require you to pay title insurance as part of the closing costs; title insurers search the public records to make sure the home seller actually had rights to the title and that there are no liens on the home (like an unpaid contractor or unpaid taxes).
Real Estate Word of the Day: Title Insurance
Trackback from your site.
Leave a Reply
About our blog
Our agents write often to give you the latest insights on owning a home or property in the local area.