A title is the legal document that establishes your ownership of your home. To make sure there are no "clouds" on your title that might affect your ownership rights, your property will be subjected to a title search before closing.
To protect their interest in your property, mortgage lenders require buyers to purchase a lender’s title policy.
If you wish you may purchase a separate owner's title policy. This type of policy pays for all court costs and related fees should anyone challenge your ownership. Should a claim found to be valid, your actual loss will be covered.
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