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Insurance >The Purpose of Title Insurance
When you finance a home through a lender, you will be required to purchase title insurance to cover the amount of your mortgage loan. At the closing you will be given the option to buy additional coverage to protect your investment.
Before the closing, the title company will order a title report to make sure the sellers actually own the home and that no one else has a legal interest in the property. This process will identify any potential title problems or liens. Title insurance covers you against any future claims that did not appear on the title report. It is a one-time charge that you pay at the closing of the transaction, and it covers your future equity up to a stated maximum amount as your property increases in value. It's a small price to pay to protect such a major investment.
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What is the world's largest palace?
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The Imperial Palace (Gugong) in the center of Beijing, China covers over 178 acres and dates back to the early 1400s. |
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David and Susan Witt
Weichert Realtors
9 West Main Street
Clinton, NJ 08809
Tel: 908-892-4396
Fax: 908-537-9913
Email: davidandsusan@NUMBER1EXPERT.com
David and Susan Witt and all associates affiliated with The Witt Team share the common goal of delivering superior service to every one of our clients every time. Our unparalleled dedication to our clients’ best interests, whether buying or selling a home, is what sets us apart from our competitors. In this fast changing real estate environment it is more important than ever to have the best representation possible. Contact us today so that we can show you how our award winning, top producing team can help you achieve your real estate goals.
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