Who Pays for Title Insurance — the Seller or the Buyer?
Chicago Tribune | November 14, 2018Many title insurance companies print out guides that show whether the seller or buyer in an area is generally obligated to pay for the owner’s title insurance policy.
5 Things to Know About Buying a Property With a Tax Lien
U.S. News & World Report | October 28, 2018 | Devon Thorsby“What title insurance does is it protects people’s property rights,” explains Bob Grubb, CEO of Alliant National Title Insurance Company. That means making sure the claim to the title of the property is free and clear of any liens. Contact a title insurance company as soon as you go under contract because you want to be sure the discovery process takes place before closing – and a representative for the title insurance company is often at the closing table itself.
Cautionary Tale on Why You Need to Protect Your Home With Title Insurance
The Washington Post | October 18, 2018 | Ilyce GlinkMy neighbor can’t transfer the title of her house to her children because of an old outstanding mortgage of $80,000 on her family home. The mortgage was with a private individual who was never taken off from the previous sale of that particular house more than 30 years ago. The lawyers are deceased, and there is no one who can help her. What does she need to do?