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Insurance >The Purpose of Title Insurance
When you finance a home through a lender, you will be required to purchase title insurance to cover the amount of your mortgage loan. At the closing you will be given the option to buy additional coverage to protect your investment.
Before the closing, the title company will order a title report to make sure the sellers actually own the home and that no one else has a legal interest in the property. This process will identify any potential title problems or liens. Title insurance covers you against any future claims that did not appear on the title report. It is a one-time charge that you pay at the closing of the transaction, and it covers your future equity up to a stated maximum amount as your property increases in value. It's a small price to pay to protect such a major investment.
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What is encroachment, and how might it affect a property owner?
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Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim. |
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DeLois Smith All Star Team, REALTORS® Experience the Power of a Team Hattiesburg, MS. 39402 1-800-335-6477 Office: 601-545-3900 Fax: 601-264-7300 Email: deloishomes@NUMBER1EXPERT.com
DeLois Smith brings you over 30 years of experience along with the most innovative marketing strategies in the real estate industry. Put The DeLois Smith All Star Team, REALTORS® to work for you as you consider your next home sale or purchase. The All Star Team holds the highest volume of sales in Greater Hattiesburg with nearly 200 million in sales since 1998! Experience the team approach to real estate and make us your REALTOR® for life! See how The DeLois Smith All Star Team, REALTORS® really is bringing Hattiesburg home again and again ™. 
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