A First-Time Home Buyer’s Guide To Title Insurance

title insurance

Here is a helpful guide to some of the key terms involved in title insurance so you can make sure that you are the owner of your home.

So you finally made the big step of purchasing your very first home. It is probably the largest purchase you have ever made and will ever make in your entire life. However, protecting the property rights that you have becomes increasingly important now that you own a home. For all real estate transactions, knowing the essential part title insurance plays in the trade can make a huge difference and save you hundreds if not thousands on fixing problems that have the potential to cause significant issues if you don’t have title insurance. Here is a helpful guide to title insurance to make sure you are the owner of your home with all the proper interests associated with being a homeowner.

The Terms You’ll Want To Know

There are a lot of different terms that you are likely to hear when working to buy a new home. Title insurance tends to have a lot of jargon associated with it that can be difficult for a new homeowner to grasp fully.


  • Title: In essence, a title is a document that proves you, the individual, legally own the property you just purchased.


  • Escrow: Basically, escrow is just the period where a third party (like a title company) holds the actual funds for the property itself until the actual real estate transaction is finally ready to be completed.
  • Title search: This always htitle searches are integral to every single real estate transaction. This is the opportunity for people to see if there are any potential issues with the title to their home. The title search will help people find any mishaps in past titles for the property itself.
  • Lien:



Title Insurance, Simplified

Title insurance really isn’t that hard to understand. It’s quite basic once you have all of the key terms defined. Not all that different from other types of insurance we deal with regularly, title insurance protects a home buyer’s interest in the property itself. That being said, the only difference between title insurance and other types of insurance is that with title insurance, people are protected against events that may have occurred in the past versus those that will happen in the future.

A Title Company You Can Trust: Colony Title

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 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+.

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