Tag: title defects
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Getting Title Insurance at Closing: A Waste of Money? (Q&A for Home Buyers)
Your deed is a valuable document. It puts the title to a home in your hands. And, like most possessions, the title to your real estate can be insured. Does Every Home Have Title Insurance? No. But if you finance a home with a mortgage, the home becomes collateral for a lender. So, you must…
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Real Property Basics: What Is a Clear Title?
A clear title. The term is commonly used to mean the deed holder can prove ownership, unquestionably. To verify that, a title company can conduct a title search. Other parties’ claims on the title are called title defects, or clouds on title. What do these claims look like? They might be mortgage liens, court judgments,…
