Owning property in California is a dream for many, but the process can be complex and filled with unexpected hurdles. One crucial step that often gets overlooked is title insurance. This essential protection safeguards your investment and future security, ensuring a smooth and worry-free real estate transaction.
Title insurance is a type of insurance that protects both homeowners and lenders from financial losses caused by problems with the legal ownership of a property, also known as the title. It's like a safety net in case there are hidden issues with the property's ownership history that could jeopardize your ownership or the lender's investment.
Here's a breakdown of how it works:
What does it protect against?
Who needs it?
Key points to remember:
Even the most thorough title search can miss hidden issues. California's complex property laws and diverse history raise the risk of unforeseen claims. Title insurance provides:
Disclaimer: Please note that this content is for general informational purposes only and does not constitute legal advice.
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