What to Expect at Closing: A Simple Guide for Buyers and Sellers
A Successful Closing Is Always a Team Effort
Title Insurance 101: What It Is and How It Protects You
When you buy a home, you are not just purchasing the property itself. You are also receiving the rights that come with ownership, and title insurance helps protect those rights.
Before closing, a title search is completed to review the history of the property and identify any issues that could affect ownership. This may include liens, unpaid taxes, recording errors, or other matters connected to the title. Even with a thorough search, however, some issues may not appear until after closing. That is why title insurance is so important.
Title insurance generally comes in two forms: a lender’s policy and an owner’s policy. A lender’s policy protects the lender’s interest in the property, while an owner’s policy helps protect the buyer’s ownership rights. Having the right coverage in place offers peace of mind and provides an added layer of protection after closing.
At Penn Bridge Land Abstract Company, I believe buyers should understand both what they are purchasing and how they are being protected. Title insurance is an important part of that process and a valuable part of protecting your investment.