Title insurance exists in order to protect you from title problems that may have been unbeknownst to you until after you closed your transaction.
All of your hard work has finally paid off because you just found your dream house. This dream house of yours may be new to you, but every house has a history. Upon buying your house, you are not given the piece of property, you are given title–which is the owner’s right to possess and use the property. But there may be some issues of which you were unaware that may arise once you are all settled into your new home. If these issues arise, what are you to do? You are now the legal owner of that title. Title insurance can help. Here are a few common obstacles that can arise with your title insurance.