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What is Title Insurance and what does it do for me?
 April 24 2015     Posted by

First of all, Title Insurance removes the requirement for certain searches to be performed by your lawyer and it also removes the necessity of a land survey, so in many cases it actually saves you money. It also insures against things like unpaid property taxes or defects in the title to the property which are not discovered at the time of closing. It further covers both the borrower and the lender for any claims against title (ownership) arising in the future - an extremely valuable commodity in today’s high-tech, white-collar world of mortgage and title fraud.

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