Spam prevention
Rainmaker
4,046,379
Richard Weeks
Dallas, TX
REALTOR®, Broker

Makes the policy holder whole if there is an ownership claim against the property.

Apr 01, 2019 03:49 AM
Ambassador
5,413,483
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Well Kennith, it insures the title, gives the buyers some security, and the lender will insist on it.

Apr 01, 2019 12:24 AM
Rainmaker
991,615
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Doesn't cost the policyholder  to repair the cloud that has surfaced

Apr 01, 2019 05:14 AM
Rainmaker
4,214,037
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It insures the chain of title which is a requirement of the vast majority of lenders. If those that pay cash forgo it and then sell later, they will have trouble with a broken chain unless the next buyer pays cash. At some point the cost of repairing the chain will become onerous! 

Apr 01, 2019 04:14 AM
Rainmaker
4,122,153
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

1. Title insurance protects a home owner's ownership claim.

2. "What is the"... say what?

Apr 01, 2019 03:56 AM
Ambassador
4,259,392
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It insures the lender and the owner against financial loss due to defects in the Title to real property. Worth every penny!

Mar 31, 2019 09:38 PM
Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

"You put the lime in the coconut, you drink them both up."

Mar 31, 2019 08:33 PM
Rainmaker
3,331,943
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Having it and not needing it. As if you do not have it an dneed it, it will be costly. 

Apr 01, 2019 05:05 AM
Rainmaker
2,062,534
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Mandatory. Insured. 

Jun 19, 2019 09:14 AM
Rainmaker
1,901,261
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Knowing that you truly own the property you purchased.

Apr 01, 2019 06:01 AM
Rainmaker
889,177
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Like ALL insurance it is a complete waste of money .... until you need it.

Then the 'best thing' will be evident.

Apr 01, 2019 05:53 AM
Rainmaker
684,915
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Knowing the Title Company will take the heat if an issue arises. Having said that, they make sure there are no issues before they give you it. 

Apr 01, 2019 05:21 AM
Rainmaker
4,943,897
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Being sure you get the property you thought you were getting.

Apr 17, 2019 03:10 PM
Rainmaker
1,924,214
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

That's a question for a real estate attorney.

Apr 01, 2019 06:23 PM
Rainer
326,822
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

It ensures the title...

Apr 01, 2019 04:15 PM
Rainmaker
5,591,480
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have great answers.

Apr 01, 2019 08:20 AM
Rainmaker
1,387,778
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That they rarely pay out.  Great racket if you can get in on it!

Apr 01, 2019 07:25 AM
Ambassador
3,058,272
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies.

Apr 01, 2019 07:13 AM
Rainmaker
2,642,262
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The only time I had to use title insurance it saved me approx $5000. 

Apr 01, 2019 07:13 AM
Rainmaker
911,486
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Title insurance protects the owner and lender from unknown claims against the ownership of your home. 

Apr 01, 2019 07:10 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's a breath of fresh air if there's ever an issue!!!! 

Apr 01, 2019 07:05 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

A lot of good protection for a relatively low cost.

The second answer is:  A Definite Article

Apr 01, 2019 07:01 AM
Rainmaker
6,613,248
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Protection.

Apr 01, 2019 06:09 AM