When a batter hits a ball, everyone can see where the ball lands…unless he hits it out of the ballpark. Similarly, a real estate title search only reveals deeds recorded in the public record. The deed in the back of Uncle Ernie’s sock drawer may have a legitimate claim on your newly purchased home, but you’re not going to learn that with only a title search, no matter how good the title company is. That’s where Title Insurance can change the score in your financial favor.
If only baseball teams could take out insurance against homeruns hit by their opponent! Well, you wouldn’t have much of a game if that could happen. When it comes to homeownership, though, you don’t want to play games.
Homeowners can buy Title Insurance. For a low, one-time fee homeowners can level the playing field should someone make an ownership claim to their real estate—could be something like a well on the wrong side of the property line or an inheritance misunderstanding (who knew Uncle Ernie had an illegitimate son who he loved dearly enough to leave him his entire estate?). Title Insurance provides and pays for the legal defense of your ownership title.
A title challenge is no walk in the park, but Title Insurance reduces the risk of you losing your house and your out-of-pocket money for an attorney and court fees. Title Insurance gives you the home field advantage.
