What is the best thing about title insurance? What is the

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Rainmaker
5,045,783

Richard Weeks

Dallas, TX

REALTOR®, Broker

Makes the policy holder whole if there is an ownership claim against the property.

Apr 01, 2019 03:49 AM

Upvote

4

Ron and Alexandra Seigel

Carpinteria, CA
Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA
Nina Hollander, Broker

Charlotte, NC

Ambassador
6,599,405

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Well Kennith, it insures the title, gives the buyers some security, and the lender will insist on it.

Apr 01, 2019 12:24 AM

Upvote

4

Raj Taj

Lake Bluff, IL
Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA
Bob Crane

Stevens Point, WI

Rainmaker
1,237,802

Doug Dawes

Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA

Your Personal Realtor®

Doesn't cost the policyholder to repair the cloud that has surfaced

Apr 01, 2019 05:14 AM

Upvote

3

Raj Taj

Lake Bluff, IL
Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA

Rainmaker
5,403,659

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

It insures the chain of title which is a requirement of the vast majority of lenders. If those that pay cash forgo it and then sell later, they will have trouble with a broken chain unless the next buyer pays cash. At some point the cost of repairing the chain will become onerous!

Apr 01, 2019 04:14 AM

Upvote

3

Ron and Alexandra Seigel

Carpinteria, CA
Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA

Rainmaker
5,230,455

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

1. Title insurance protects a home owner's ownership claim.

2. "What is the"... say what?

Apr 01, 2019 03:56 AM

Upvote

3

Ron and Alexandra Seigel

Carpinteria, CA
Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA

Ambassador
5,412,301

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

It insures the lender and the owner against financial loss due to defects in the Title to real property. Worth every penny!

Mar 31, 2019 09:38 PM

Upvote

3

Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA
Bob Crane

Stevens Point, WI

Rainer
187,002

Raj Taj

RE/MAX - Lake Bluff, IL

Drive By Blessings!

"You put the lime in the coconut, you drink them both up."

Mar 31, 2019 08:33 PM

Upvote

3

Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA
Bob Crane

Stevens Point, WI

Rainmaker
3,416,159

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

Having it and not needing it. As if you do not have it an dneed it, it will be costly.

Apr 01, 2019 05:05 AM

Upvote

2

Bob "RealMan" Timm

Minot, ND
Doug Dawes

Topsfield, MA

Rainmaker
2,071,135

Evelina Tsigelnitskaya

SIB Realty - Sunny Isles Beach, FL

Mandatory. Insured.

Jun 19, 2019 09:14 AM

Upvote

1

Evelina Tsigelnitskaya

Sunny Isles Beach, FL

Rainmaker
2,475,436

Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

Knowing that you truly own the property you purchased.

Apr 01, 2019 06:01 AM

Upvote

1

Raj Taj

Lake Bluff, IL

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Like ALL insurance it is a complete waste of money .... until you need it.

Then the 'best thing' will be evident.

Apr 01, 2019 05:53 AM

Upvote

1

Bob "RealMan" Timm

Minot, ND

Rainmaker
772,005

Peter Testa

Kiwi Homes - Danbury, CT

PETER TESTA

Knowing the Title Company will take the heat if an issue arises. Having said that, they make sure there are no issues before they give you it.

Apr 01, 2019 05:21 AM

Upvote

1

Bob "RealMan" Timm

Minot, ND

Rainmaker
5,952,390

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Being sure you get the property you thought you were getting.

Apr 17, 2019 03:10 PM

Upvote

Rainmaker
2,225,367

Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

That's a question for a real estate attorney.

Apr 01, 2019 06:23 PM

Upvote

Rainer
446,778

J.R. Schloemer

Kentucky Select Properties - Louisville, KY

It ensures the title...

Apr 01, 2019 04:15 PM

Upvote

Rainmaker
5,773,924

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

You have great answers.

Apr 01, 2019 08:20 AM

Upvote

Rainmaker
1,528,464

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

That they rarely pay out. Great racket if you can get in on it!

Apr 01, 2019 07:25 AM

Upvote

Ambassador
3,400,000

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

I wish you all the best with your real estate studies.

Apr 01, 2019 07:13 AM

Upvote

Rainmaker
2,822,156

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

The only time I had to use title insurance it saved me approx $5000.

Apr 01, 2019 07:13 AM

Upvote

Rainmaker
1,404,735

John Juarez

The Medford Real Estate Team - Fremont, CA

ePRO, SRES, GRI, PMN

Title insurance protects the owner and lender from unknown claims against the ownership of your home.

Apr 01, 2019 07:10 AM

Upvote

Rainmaker
5,583,758

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

it's a breath of fresh air if there's ever an issue!!!!

Apr 01, 2019 07:05 AM

Upvote

Rainmaker
469,565

Dan & Laurie Pittsenbarger Team

Keller Williams Western Realty - Bellingham, WA

Lakeside & Coastal Single Family Homes

A lot of good protection for a relatively low cost.

The second answer is: A Definite Article

Apr 01, 2019 07:01 AM

Upvote

Rainmaker
8,058,547

Roy Kelley

Retired - Gaithersburg, MD

Protection.

Apr 01, 2019 06:09 AM

Upvote

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Makes the policy holder whole if there is an ownership claim against the property.
Well Kennith, it insures the title, gives the buyers some security, and the lender will insist on it.
Doesn't cost the policyholder to repair the cloud that has surfaced
It insures the chain of title which is a requirement of the vast majority of lenders. If those that pay cash forgo it and then sell later, they will have trouble with a broken chain unless the next buyer pays cash. At some point the cost of repairing the chain will become onerous!
1. Title insurance protects a home owner's ownership claim.

2. "What is the"... say what?
It insures the lender and the owner against financial loss due to defects in the Title to real property. Worth every penny!
Having it and not needing it. As if you do not have it an dneed it, it will be costly.
Like ALL insurance it is a complete waste of money .... until you need it.

Then the 'best thing' will be evident.
Knowing the Title Company will take the heat if an issue arises. Having said that, they make sure there are no issues before they give you it.
Being sure you get the property you thought you were getting.
That they rarely pay out. Great racket if you can get in on it!
The only time I had to use title insurance it saved me approx $5000.
Title insurance protects the owner and lender from unknown claims against the ownership of your home.
A lot of good protection for a relatively low cost.

The second answer is: A Definite Article