title insurance

What is Title Insurance

When purchasing a home with a mortage, the lender requires you to purchase a lender title policy, included as part of your closing costs, to protect their investment in your new property in the event any title problems after the sale. If you also purchase title insurance for your equity at the same time, you will be able to purchase your policy at a reduced cost.

Do you need title insurance? The title company will research your title and is responsible for any errors they made for the next 3 years. However, there are many things they are can not see in the chain of title - such as, unknown heirs that may have had a claim to the property. Some other items that are a trigger to purchase title insurance is if the previous transaction with this home included the use of a power of attorney, if the home has ever been in foreclosure, or is an estate sale. The title insurance policy you purchase will remain with you even after you sell the house in the future.

For more information about title insurance talk to the experts at Hyde Title.  Contact Don Bazer at 225-752-320.

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Contact Information

Photo of Pat Wattam Real Estate
Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission