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Buyer's Tips & Articles

5 Things to Understand About Title Insurance

It protects your ownership right to your home both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate description of the property.

It’s a one-time cost usually based on the price of the property.

It’s usually paid for by the sellers.

There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.

Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved.


Keller Williams Realty
Austin Real Estate Leaders
1921 Lohman's Crossing #100
Austin, Texas 78734
Sheree Fax: 512-410-3717 | Kristee Fax: 512-410-3709
"Charm is deceptive and beauty does not last,
but a woman who fears the lord,
will be greatly praised."
~Proverbs 31:30

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