Examining title insurance

Title insurance protects the buyer from unforeseen defects in the title, however unintentional or deliberate. It also provides peace of mind that far outweighs its cost. If you finance your purchase, the lender will require title insurance equal to the amount of the mortgage. You may increase this coverage to include your stake in equity in the property. Even if you pay cash, it is a good idea to purchase title insurance to protect both your investment and resultant equity.

Clearing the title

Before a property sale is completed, the title company will review public records to identify irregularities and to confirm the seller's property ownership. However, even the most careful searches can miss errors that may have occurred in previous transfers of the title. These could include simple computer keystroke errors, liens, or actual fraud. Title insurance is a relatively inexpensive way to protect your investment.

Ask the professionals

Thinking of buying or selling a home or office? Need someone to help you through the process? Contact the professionals at Bradford Real Estate. As a full-service brokerage, you'll have access to our expertise as well as our network of qualified mortgage lenders, title companies, inspectors, appraisers, and contracting partners to ensure a smooth and enjoyable transaction from initial meeting to closing.

For more information, call Bradford today at 303-433-0211 or complete our contact form or refer to First American Heritage Title Company.