If you are purchasing a home or another piece of property, you may wonder if you really need title insurance. If you're borrowing money, you'll find that lenders insist upon its purchase to protect them from financial losses stemming from property ownership disputes.
Buying a home is a big financial and emotional commitment. You pour a lot of energy into finding just the right place for your family to live, you evaluate all of your options carefully and you sink most of your liquid assets into the deal. That makes it all the more upsetting when you find out that there is some hidden defect in the property that could be expensive to fix.
There is a lot to think about as you move through the home search process, so it's not always easy to project ahead to the day of your closing. However, if you neglect to do so, you could make a mistake that costs you both time and money.
It's your hope that you always maintain a good relationship with your tenant, but things could take a turn for the worse if they miss a payment.
Buying any type of real estate is a big decision, as it'll change your life forever. This is why it's so important to do whatever it takes to ensure yourself of getting a good deal.