| Buying a new home can be one of the most | | | | neighbor's pet! And of course, swing a good deal for |
| exhilarating and exciting experiences in your life. More | | | | you with the owner. All clear, right? |
| so if this is the first time you are investing in real | | | | Wrong. Don't reach for that Mont Blanc just yet. A |
| estate, in a property you can call your very own. | | | | good realtor would advise you to first get a new title |
| Very often, houses can be a love-at-first-sight affair, | | | | policy. What's that? It is also called title insurance and |
| especially when you go house-hunting with family. | | | | works like a safety valve to protect your right to |
| Picture this: you are at Lake Conroe for a weekend | | | | ownership of the property. This is critical for often, |
| retreat with family relaxing to the fullest- what with | | | | there may be hidden flaws or features in a previous |
| boating and water skiing and teeing off on golf | | | | sale or in the ownership deed itself which may allow |
| greens. A casual sunshine stroll around the | | | | a third party to lay legitimate claim on the house you |
| picturesque lake brings you face to face with the | | | | have just bought, perhaps with a mortgage. |
| house of your dreams, and the signboard says: for | | | | A title insurance is routinely done as part of a sale; |
| sale. Before you know it the kids are already fighting | | | | however this only protects the lender against |
| over who names the homestead, your wife is all | | | | outstanding mortgage payments, not you, the buyer. |
| smiles and offers to look for a job here... Well, what's | | | | You must get your own new title policy as this will |
| a man to do? | | | | protect you against any future claims to your title of |
| Get down to finding a reputed realtor, that's what. | | | | absolute ownership of the house. A new title policy |
| For there is much more than meets the eye in buying | | | | will cover you for some basic risks like errors in the |
| your dream home, especially in an exclusive up | | | | ownership deed, unpaid debts or liens like water |
| market, master-planned community environment like | | | | taxes etc, third party claims from owner's spouse or |
| Lake Conroe. This is equally true of property | | | | children, and an invalid title because of sale by |
| anywhere in the US. | | | | non-owner, or by a mentally unfit owner. Coverage |
| Chances are the realtor already has the home on his | | | | can be enhanced at will. |
| listings; in which case all due diligence would have | | | | So, arm yourself with good ink, sign on those two |
| been done. He or she would also ensure that you get | | | | documents now - the sale deed and the new title |
| to examine every nook and cranny of your future | | | | policy - and go to your home sweet home! |
| home; check fittings, appliances and even the | | | | |