18 January 2013

Title Insurance – everybody needs it, nobody knows what it is

Although title insurance has been a usual procedure in Ontario for 15
years already, many homeowners or first-time buyers still don’t
understand what it actually covers.
The main purpose of title
insurance is your protection from all possible title problems. And these
problems may lead to really expensive losses. For example, you may
inherit from previous owners certain ownership conflicts on your
property, un-discharged liens, different title frauds, encroachments or
survey problems, property tax arrears etc…
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