Title insurance is like a life preserver on a boat. You will probably never need it, but if you do, you will be very glad that it is there! How does title insurance work, and how does it protect you in the home buying process?
A title search will be ordered before you buy a home, to make sure that the sellers legally own the property, and that no one else has a legal interest in the home. The title company will also check through the ownership records for any liens, easements or other encumbrances on the title. This search should turn up any transactions that may not appear on the public record, such as an unsound transfer that occurred many years ago. Title insurance protects you against future claims against your home.
Your real estate agent can give you more specific information about the cost of title insurance and the types of coverage available in your area.
Margorie Grime, Broker. Royal LePage RCR Realty, Brokerage Independently Owned and Operated 75 First Street, Suite 14 Orangeville, ON L9W 2E6 Phone: 519-941-5151 Toronto Line: 905-450-3355 Fax: 519-941-5432 margorie@thegrimeteam.com www.royallepage.ca
Margorie has devoted her career to real estate sales since 1975. Margorie Grime is a leading REALTOR in the area, selling a home every 3.3 days. Her activities have consistently earned her top awards. With the changing real estate market and economy, Margorie has formed this diverse team-qualified to cover all the complex details of real estate transactions, allowing Margorie to do what she does best-working with people interested in buying and selling property. Margorie is committed to providing the very best service available.
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