Title insurance is practically a necessity when it comes to selling real estate. Title companies such as First Priority Title Company are responsible for conducting the closing and running the title search. Title insurance is there to protect parties in the event there is an issue with the insurable title to the property. Title insurance is separate from that of the lender or mortgage company. The value of the home isn’t covered by the lender, therefore, title insurance is obtained.
Abstract of property is a total and condensed history of the real estate property. At times people are unaware of issues that may affect their property. The most common issues are unknown easements, false impersonation, forgeries, adverse restrictions or encumbrances,
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