There are certain legal circumstances that could force you out of your home with very little legal recourse. So what could cause this to happen? Title defects.
Title defects—or problems with your legal right to own a property—can have serious consequences and threaten your home ownership. The good news is making a one-time purchase of title insurance can protect your property interests.
But first, let’s look at the five most common title defects.
Public Record Errors
Other Legal Possibilities
Purchasing owner’s title insurance can shield you from these problems. It doesn’t mean you’ll never encounter any of these legal problems, but it does protect you from the expense of attorneys’ fees and other costs to defend yourself.
If you decide to sell your home and the title search reveals a covered defect, homeowner’s title insurance protects you from financial loss. Best of all, title insurance protects you for as long as you own the property.
Don’t risk it! Let title insurance protect the largest investment you’ll most likely make in your lifetime. Don’t let common title defects haunt your home ownership.
When you ready to close on your new home, turn to Lilly Title & Settlement. We offer title insurance and real estate settlement closings right here in Staunton, VA. We're a woman-owned company obsessed with legal details!