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School Reports in Clarkston, WA, Lewiston, ID and Asotin, WA, Washington
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Real Estate Tips
Titles >Do You Really Need Title Insurance

When a home is purchased, title insurance is one of the closing cost items on the closing statement. This insurance protects the buyer from defects in the title that are not discovered until after the closing. There are two kinds of title insurance--coverage that protects the lender for the balance of the mortgage if the buyers have a loan, and coverage that protects the buyers' equity in the property.

It is prudent to purchase owners' coverage because most of the title problems that arise after a closing are not from a sloppy title search, but are the result of inaccurate information in the public records. The ownership chain goes back a long way, and fraud or misrepresentation anywhere in the chain could mean big problems. Title insurance will protect you if a wife or husband did not properly sign off on the ownership papers or if the property was sold as part of an estate that was later disputed. Most people do not have to deal with the title insurance company after the closing, but this coverage could save your investment if a problem arises.

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Real Estate Trivia
Q 
What four states in the Southwest are noted for having boundaries that touch.

A 
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries.
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The Results Realty Team, REALTOR®, real estate agent and broker for Clarkston, WA, Lewiston, ID and Asotin, WA, Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

The Results Realty Team
Results Realty

931 Sixth Street
Clarkston, WA 99403
Business: 509-758-8500
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Email: results.realty@gmail.com

Results Realty is a full service professional real estate company founded in 1996 by Broker/Owner Cindy Perttu. Working together as a team, the agents at Results Realty are dedicated to providing Superior Service to our clients at all times.

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