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How could that happen? You’re not opening a nuclear reactor, just an ice cream shop.Aha! What if the site you select for your ice cream shop ends up being in a district where the water is found to contain too many parts per million of some noxious substance or another and you have to close [...]
Title insurance is a prerequisite when buying a house, and something you really can’t get around buying. This type of insurance will give you coverage for any issues relating to your ownership of the new property.When doing your research about this, it’s important to find the best deal possible. A title insurance calculator will help [...]
There are two types of title insurance, lender’s coverage and owner’s coverage. Lender’s coverage protects the lender in the event their interest in the property is jeopardized by an unpaid lien or encumbrance or by a challenge to the owner’s title. Lender’s coverage is mandatory on most mortgage loans.Owner’s title insurance is optional. Owner’s coverage [...]
In real estate terms, a “title” refers to a guarantee that a person actually owns the residential or commercial property described in a deed. “Title” can also refer to the person’s rights in the land as an owner, such as usage rights.Disputes over property can lead to what is called a “title search”, which is [...]
When you purchase real property, you take ownership in the form of a deed for title. Ah, but how do you know the transaction is legitimate? Title insurance!Technically, the purpose of title insurance is to protect a new homeowner from anything that could go wrong with a home’s title. What types of things could possibly [...]
Everyone knows that the insurance giant AIG had an incredible collapse that few people really knew that was coming, even in the insurance industry but there were many warning signs that were there for company officials as well as employees but they chose not to listen.According to the House select committee on oversight which did [...]