If you’re like most people, your home will be one of the largest purchases you make in your life. The last thing you want is an unexpected issue regarding ownership of the home after you complete the transaction. That’s where title insurance, an important policy for homebuyers, comes into play.
Title insurance is a type of insurance that protects mortgage lenders and/or property owners against claims questioning the legal ownership of a home or property (i.e., the title to the property). If disputes over title ownership arise after the purchase, the insurance policy pays for any legal fees to resolve them.
*Needed for both commercial and/or personal properties.
A title policy protects a buyer from the discovery of existing tax liens on a property, non-disclosed restrictions on the property’s use, mistakes in the public recording of the exchange of ownership, and even fraud and forgery. The title insurance policy covers the purchaser for up to the amount that the property was purchased for.
To ensure your investment is protected, we are here to help. We have strong partnerships with reputable title agencies and title professionals in Virginia and it’s in your best interest to make sure you are in the right hands with such an important transaction.
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