Skip to main content

What Is Title Insurance?

It feels good knowing both you and your home are protected with title insurance. 

What is title insurance? You may know that it protects your ownership, but what does that really mean, and how does that benefit you? Keep reading on as we get to the bottom of these questions. 

The function of title insurance is to protect your property ownership. What many do not understand about title insurance is that it is a fundamental part of homeownership that can save you thousands (even hundreds of thousands) of dollars in the long run. For example, you are required to have a clear title if you would like to sell your home in the future and get a return on your investment. Another example is that, without title insurance, it may be hard to decipher whether you truly own your title (surging title fraud has made this problem even more difficult). If you don't, you technically do not have any legal rights to your property. This makes you susceptible to blindsiding property loss at any given moment, which will ultimately result in some serious financial fallout. 

Without title ownership that has no strings attached -- this means no debt, no bankruptcy, no liens -- you are stuck in a constant cycle of what-ifs. Keep you, your finances, and your home safe and get in touch with a title insurance agent today. Title issues can be very complex without the help of  Southern Title. With over 30 years of experience, we have the proper skills to provide you with a sense of security during your title transactions. And, we're available all across Ohio, with offices in Mansfield, Wooster, Galion, and Sandusky. Give us a call at any of our offices to get started, and access contact information here. 

Comments

Popular posts from this blog

Stress Free Home-Buying

We know buying a home can be a stressful and lengthy process, but it doesn’t have to overwhelm you. It’s easy to let your emotions run wild when choosing a place to live and raise a family, but by understanding key steps to the home-buying process, you’ll make the best decisions for your home purchase. Here are some important factors to consider before purchasing a home : What are you looking for in a home? (size, style, location etc.) How much can you afford? Have you saved for a down payment? What is the housing market like? Are you in the right life stage for home-buying? If buying a home is the best step for you, here’s how to get started. Save, Save, Save! Save for a down payment. Don’t let financial stress overshadow the joy of buying a home. Consult with a Lender Determine how much you can afford to spend and find a loan option that’s right for you. Find a Realtor and Title Agency Y ou will need expert help in finding and securing y...

Look Out for These Obstacles When Buying a Home

  The housing market is hot right now, there’s no question about that! Sellers are listing their homes and buyers, eagerly searching after listing their own home, are engaging in bidding wars trying to secure the proper home to raise their family in. Before you are able to purchase, however, it is important to look out for these common obstacles with the help of a reputable title agency ! Legal Ownership Sometimes there can be confusion when a seller lists their home for sale about whether they have the legal right to do so. In some cases, the seller actually isn’t the legal owner of the home. This can happen for a variety of reasons, but it means you may miss out if you don’t discover this obstacle first when reviewing the title.  Unpaid Taxes or Mortgages Before the home can legally change hands, the taxes and mortgage of the previous owner must all be paid in order to ensure a smooth transition of the title. In most cases, the seller will not even realize that they have unp...