Part V of a series on the escrow process. Thank you to Kartikay Escrow for contributing portions of this blog.
What Is Escrow? What is Title Insurance?
The purchase of a home is often the largest single financial investment many people may make in their lifetimes. The importance of fully protecting such an investment cannot be overly-stated. Safe, sound, and reliable and title insurance is essential in protecting you in the event that an issue with the title arises.
What is Title Insurance?
It is the application of the principles of insurance to risks present in all real estate transactions. These risks are divided into two main categories: hidden hazards that cannot be detected in the examination of title, and human errors which will always be with us. Examples of hidden hazards are forgery, incompetence or grantor or mortgagor, unknown heirs, fraud, impersonation, etc.
Title insurance differs from other types…
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