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Insurance >Title Insurance for Owners
If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.
Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!
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What is the most expensive piece of property ever recorded?
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| A |
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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Michael Robles Coldwell Bankers Previews International 1427 Chapin Avenue Burlingame, CA 94010 Phone: 650-637-9900 Fax: 650-347-4067 Email: Mike@AgentRobles.com
I am an experienced real estate professional with incomparable knowledge of Burlingmae, San Mateo, Hillsborough and the surrounding areas. I have over 20 years real estate experience. I can assist you during the home buying or selling process. I welcome the opportunity to serve you.
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