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Problems such as the seller's unpaid mortgages, taxes, child support, or even parking tickets. These problems need to be resolved before your lender will give you a loan and before you move in. Some problems are not found during the title search, however. That's why you need an Owner's title insurance policy. Only an Owner's Policy will pay to resolve problems that may arise after you take possession of the house. Talk to a local title company for more information on an Owner's Policy and how it can protect you.
To find a title company, the American Land Title Association suggests you get a referral from a friend, your real estate agent or lender. Or find a list of title companies in your area on the ALTA Web site at www.alta.org. Insist on an Owner's Policy to provide you with the peace of mind to enjoy your new home.
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