I’m glad you’re paying attention because title insurance is often overlooked. In the half-inch stack of disclosures and mortgage documents you sign at your real estate closing, you might not realize the threat you have of losing your home or land—it’s odorless, soundless, and you can’t see it with a title search—you don’t know it’s there until it’s on top of you! And then you’ve got to pay to defend yourself against it!
I’m passionate about title insurance, maybe you’ve noticed. It’s not just spaghetti on the wall. Title issues are a real estate subject with broad reaching ripples. What affects the real estate market affects the overall economy? I don’t care if you’re buying a single-wide mobile home or the Taj Mahal, title insurance helps protect everyone.
Everyone can see flood damage, everyone knows what a fire can do to a house, but the harmful effects of losing your home or land because of a legal challenge to your ownership aren’t real obvious to outsiders.
There’s a lot to know in a real estate transaction, and there’s a lot I want you to understand at the closing table. If I can educate you on the importance of title insurance beforehand, then we’re ahead of the game. The closing table is not an ideal place to learn all the subtleties of risk to your ownership. You’ve got the title search in your hand showing clear title—it’s hard to see the need for title insurance when the risk is hidden.
Some people learn the hard way, and that’s very bad. If you’re aware of the risk, what you’re up against, and the advantages of title insurance, then you can prevent a financial loss that could swallow up your property.
No, the law does not require title insurance. But the law does allow its citizens the right to own property and the right to protect it. If you buy a security system for your home, why not title insurance? Both protect your property.
I live here. Your loss is my loss. We’ve had enough devaluation in the real estate market. Support sure ground with title insurance.