Mathis Title Company, Fairfax, VA Title Company, has published a blog on how title insurance protects the buyer from any issues that may arise when someone buys a property. It is always advised that buyers do their research into the history of a property before committing. But for those items that may not show themselves until the closing process, a title insurance policy can offer security.
When you purchase a property, you are inheriting its history and are liable for any ongoing expenses. The most common issues come in the form of back taxes, conflicts with a will, or a lien. For example, if you buy a home and discover a lien on it, the responsibility for repaying that lien falls on the new owner.
A title insurance policy protects the buyer against these and other issues at any point in time after the policy has gone into effect. In the previous example, if the home buyer had a title insurance policy in place, then the policy can be used to cover the cost of legal fees and other expenses.
Speak to Mathis Title Company to learn more about the variables of lender mortgage insurance and how a title insurance policy will help protect you. An experienced title agent like Robin Mathis, who has extensive experience across the legal and real estate industry, will work with future homeowners to build their understanding of the nuances and intricacies of their investment. Contact Mathis Title Company online at https://www.mathistitle.com/ or by phone at 703-214-4020. The company is headquartered at 11325 Random Hills Road, Suite 160, Fairfax, VA 22030.