When becoming a homeowner, it seems at closing, everywhere you look someone is asking for money. Some decisions are optional with Title Insurance being one of them. The question then becomes, should you spend the money?
Let us count the ways….Title insurance protects you, the innocent buyer against forgeries, claims by past owners who have become divorced now seeking ownership or filed bankruptcies; an heir that formerly was presumed deceased, former federal tax estate tax liens and anything done incompetently prior to your ownership.
The peace of mind obtaining Title Insurance, by far out ways the cost!