1. Everything You Need to Know About Title Insurance

2. If you’re looking at downtown condos, you may want to become educated on the basics of title insurance. Everything You Need to Know About Title Insurance

3. Purchase of a policy at condos closings can save you from a multitude of potential legal and financial issues that problems with the title search to your property could cause. Everything You Need to Know About Title Insurance

4. What Is Title Insurance? Everything You Need to Know About Title Insurance

5. Anyone purchasing condos should have a title search performed before closing, as more than one-third of all title searches uncover a problem that can and should be resolved before purchase is completed. Everything You Need to Know About Title Insurance

6. After your sales contract has been accepted, a title researcher will examine public records to scout out any problems with the title, a process which involves reviewing several years of real estate records. Everything You Need to Know About Title Insurance

7. This search is intended to make sure the property actually belongs to the seller, that he is free to sell it and that it can be transferred to you at the time of closing free and clear of any other liens. Everything You Need to Know About Title Insurance

8. However, title searches may miss serious problems, so homeowners should take the step of buying an owner’s title insurance policy. Everything You Need to Know About Title Insurance

9. Potential Problems With Property Titles Everything You Need to Know About Title Insurance

10. Title problems range from fairly minor to potentially disastrous. Everything You Need to Know About Title Insurance

11. A title search may reveal, for example, that the previous owner had failed to pay property taxes or had minor repairs done and had not paid the contractor. Everything You Need to Know About Title Insurance

12. It may even be found that the seller doesn’t really own the property, that the home is part of a conflicting will or actually belongs to undisclosed heirs. Everything You Need to Know About Title Insurance

13. Why Buy Title Insurance? Everything You Need to Know About Title Insurance

14. Although a title search should technically uncover any problems with the title, there are cases in which a problem is accidentally missed or is not in the public records. Everything You Need to Know About Title Insurance

15. Purchasing an owner’s policy of title insurance will help protect your purchase from the fallout of these unforeseen problems. Everything You Need to Know About Title Insurance

16. The policy is purchased at closing for the amount of the real estate purchase and is in effect for as long as you or your heirs own the property. Everything You Need to Know About Title Insurance

17. What Kinds of Issues are Covered? Everything You Need to Know About Title Insurance

18. Owner’s title insurance covers a broad range of potential problems, ensuring that your title company will stand behind you, even covering legal defense if necessary, if a title problem arises after the title search is done and you have bought your home. Everything You Need to Know About Title Insurance

19. Common issues include forgery, undisclosed heirs, omissions/errors in deeds or mistakes in examining records during the title search. Everything You Need to Know About Title Insurance

20. If you’re in the market for condos, check on how this insurance is requested and how it is paid for in your area, as it is not an automatic part of the closing process. Everything You Need to Know About Title Insurance

21. Title Insurance and Refinancing Everything You Need to Know About Title Insurance

22. Refinancing of condos is considered a new loan and involves a new title search to ensure full protection of your real estate investment. Everything You Need to Know About Title Insurance

23. However, if you bought owner's title insurance at your original closing, the policy should still be in effect for as long as you or your heirs own the property. Everything You Need to Know About Title Insurance

24. Title Insurance and New Homes Everything You Need to Know About Title Insurance

25. Even if you build a new home, you are unlikely to be the first owner of the undeveloped land. Everything You Need to Know About Title Insurance

26. There could be many prior owners, and could possibly be liens against the property. Everything You Need to Know About Title Insurance

27. Any prior builder or subcontractor who was not paid could place a lien, and purchasing an owner’s title insurance policy will cover any possible problems and associated legal fees. Everything You Need to Know About Title Insurance

28. If you are looking for a condo to buy in Tempe, Phoenix, or Scottsdale, We Know Urban Realty will help you find the perfect place. Everything You Need to Know About Title Insurance

29. Their realtors are experts when it comes to urban living. Everything You Need to Know About Title Insurance

30. Visit the site to see what's available right now: http://weknowurban.com/ http://weknowurban.com/ Everything You Need to Know About Title Insurance

31. Will Daly, Broker We Know Urban Realty, LLC 834 E Claremont Street, No 3 Phoenix, AZ 85014 (480) 510-8755 Email: Will@WeKnowUrban.com Everything You Need to Know About Title Insurance