But just like with a residential real estate buy, title insurance for investors is critical, and for many of the same reasons.
Investing in real estate property is a wise long-term investment because property values tend to go up with each passing year.
But just like with a residential real estate buy, title insurance for investors is critical, and for many of the same reasons. You may have heard the term “chain of title” but not really known what it means, even if you’re buying a house. It’s just one more legal term in a long list of legal terms at closing.
But it’s important to understand what a clear chain of title is and its importance in homeownership. Buying a home is a complicated legal transaction. For most people, it’s the biggest transaction they’ll make in a lifetime.
Once the contract has been signed, gotten a home inspection, a termite inspection, and met other contractual requirements, it’s time for your real estate closing. So, what do you need to know about closing on your home? We’ve got 9 of the most common questions right here. A title company plays a crucial role in closing on your new home because the agency handles everything—from ensuring you have a clean title to disbursing funds on closing day. It’s a big job that requires strict attention to detail and to the law. A title company’s role is so important, it can make or break the entire buying process. |
AuthorLilly Title & Settlement wants you to be an empowered homebuyer! Archives
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