When you buy a car you automatically buy car insurance. The same should apply when it comes to purchasing a home. In fact, having protection against any potential fraud associated with a real estate transaction can be a massive relief for virtually any homeowner. Here are some things everyone should know about title insurance and fraud!
Suspicious Property Sale
With so many different deeds out there, it can be confusing and very overwhelming to know what kind of property interest you actually have to your home. In fact, before you actually buy a property, you’ll want to ensure that all the property rights are yours. As a result, conducting a title examination is the only way to find the real truth behind the property you are interested in.
Avoid The Fraud
A diligent and meticulous title search will uncover some real truths and hidden facts that will allow you to know what type of property rights are up for sale. Obtaining a title that is free and clear of any defects is important, basically it’s imperative. However, if fraudulent transactions occur, title insurance is there to protect you and your ownership rights.
Can’t Predict The Future But You Can Save It
Always remember that you need to protect yourself. Equipping your family with the necessary precautions is just the way things are with real estate. As a result, having title insurance is really the only way you can protect your property from fraud or other title defects that may arise. Avoiding the dreaded scenarios associated with transferring your property with a lot more ease and a lot less stress.
At the end of the day, you’ll need title insurance. If you get a mortgage, your lender will require that you purchase a lender’s policy. However, protecting your rights is just as important as protecting the bank’s rights. Therefore, equipping yourself with an owner’s title insurance policy can provide you with valuable results.
A Title Insurance Company You Can Trust: Colony Title Associates
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy and sell your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.