The Washington Post published a list of useful words you won’t find in the dictionary, including:
“Cashtration” (cash-tray-shun) – the act of buying a house, which renders the subject financially impotent
“Reintarnation” (re-in-tar-nay-shun) – coming back to life as a hillbilly
“Dopeler effect” (dope-lur) – tendency of stupid ideas to seem smarter when they come at you rapidly
I’ve got a word to add to the list: “Ambiguilty” (am-bi-gil-tee) – the state of being at fault for filing a totally bogus title claim against a rightful property owner. This is a term that applies to attorneys.
Real estate could be unfamiliar territory, but that doesn’t stop some attorneys who think they’re jack-of-all-trades-master-of-none from trying to knock down your door with a ridiculous challenge to your ownership.
Regardless of how bogus that claim is, the homeowner is responsible to defend himself in a court of law. And that’s costly. Have you priced a legal defense lately? Have you taken out a second mortgage lately?
Some attorneys are ambiguilty of imaginary title clouds that could cost the homeowner big bucks. The attorneys don’t know any better so they file a claim that they’re not going to win because they don’t know any better- a circular situation that can leave you spinning.
Don’t let lawyers charge you out of house and home when a title insurance policy provides a legal defense for your ownership rights (or pays out the policy amount if needed). Protect yourself from ambiguilty attorneys-get title insurance.