Our Goal Is To Have Fans Who Rave About Our Integrity! Service! & Results!
Jon & Carolyn Ulrich
Jon & Carolyn Ulrich
5 Things to Know About Title Insurance
Welcome to Minnesota - Ulrich Real Estate Group - Your Source for Real Estate throughout the Twin Cities of Minneapolis and Saint Paul and surrounding suburbs of the seven county metropolitan area.
Here are 5 Things to Know About Title Insurance...
Title insurance protects the holder from any losses sustained from defects in the title. It's required by most mortgage lenders. Here are five other things you should know about title insurance.
1. It protects your ownership right to your home, both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person's name or an inaccurate description of the property.
2. It's a one-time cost usually based on the price of the property.
3. It's usually paid for by the sellers, although this can vary depending on your state and local customs.
4. There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.
5. Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.
If you are needing affordable red carpet service with your Real Estate needs you have come to the right place.We go the extra mile to serve you. Our goal is to have fans that rave about our integrity, service and results.
.