You’re a Real Estate Professional, so you know that buying a home can be overwhelming for your clients. Homebuyers can feel confused and frustrated by the mounds of paperwork they have to sign. Plus, the fees associated with closing can sometimes be overwhelming even to an experienced Buyer.
Owner’s Title Insurance is one of those items often misunderstood by homebuyers at closing, yet its value is tremendous. As an important advisor to your clients, you are in a position to help homebuyers understand the benefit of Owner’s Title Insurance and the dangers that can be incurred without it.
Owner’s Title Insurance is a policy
that protects homebuyers’ property
rights. For the same reasons the bank
requires a Lender’s Insurance Policy,
the homebuyer obtains Owner’s Title
Insurance to protect against possible
claims against the title.
Say, for example, your client recently purchased a new home from a builder, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without Owner’s Title Insurance, your client could be responsible for paying this existing debt. This is just one example of how Owner’s Title Insurance protects homebuyers from various financial risks.
The good news is that Owner’s Title
Insurance protects homebuyers
financially, as long as they own
their home. For a low, one-time
fee, homebuyers can rest assured,
knowing they are protected against
possible debts or claims to their