Title insurance plays a pivotal role in the home selling process, yet its significance often eludes many homeowners. In essence, it serves as a shield, safeguarding both buyer and seller against potential complications related to the property’s title. Acquiring title insurance when selling a home offers reassurance to all involved parties.
This insurance serves as a safeguard against possible flaws in the property’s title, ranging from liens and unpaid taxes to undisclosed heirs or inaccuracies in public records. Absent title insurance, a buyer might encounter these issues post-closing, precipitating costly legal entanglements or financial setbacks.
A primary rationale for investing in title insurance is to preemptively shield against claims that may emerge subsequent to the sale, long after the seller has departed. Even if a thorough title search is conducted during the escrow phase, title insurance functions as a safety net, guarding against potential oversights or undisclosed claims.
While some may perceive title insurance as an additional expense imposed by lenders, it remains an indispensable safeguard for all parties involved.
If you have questions and/or wish to schedule an appointment to discuss how Shannon Lindstrom can help you, please call, text or email her at your earliest convenience.
Shannon Lindstrom, Realtor®, CDRE®, MILRES, MRP, VCA
RE/MAX Results
Direct: 612-616-9714
[email protected]
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www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info
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