As everyone knows, property deeds and land parcels have been around for many, many years. As the years have gone by, some property deeds have been disputed by property lines. Sometimes, the story of a property gets blurry over time. Because of this, title insurance is a very important piece of insurance when buying new [...]
You would think that, after a few hundred years, land titles and property deeds would be fairly accurate. In most cases, the titles themselves are accurate. It’s we humans who aren’t. I recently read a story about a parcel of land that had been sold. When it came to surveying the land prior to building, [...]
Do you know what title insurance is? There is a good chance your lender will insist upon it as part of the loan terms. When it comes to any transaction in life, humans are involved, and humans make mistakes – often. When buying a home, the information related to that home is recorded on a [...]
When potential home buyers find their dream homes, they’re often too busy dreaming about paint colors or new furniture to worry about title insurance. However, a title policy is an important protection that helps defend buyers (and their lenders) from future property ownership claims, surprise liens or otherwise cloudy titles. Home buyers usually purchase title [...]
The most common form of ownership, when a home owner purchases a home, is the Fee Simple Absolute. The holder of a title in fee simple has full rights of possession now and in the future for an infinite duration. There are no limitations on its inheritability. The person who holds title to the estate [...]
Nothing is equal when it comes to buying real estate and the cost of transferring titles is a prime example. Not only does each state have its own tax regime, each country often does as well. Take buying real estate in Maryland as an example. There are large differences in transfer taxes between each county [...]
