Title insurance is a form of property insurance for one's ownership interest in real estate, with the goal of protecting the titleholder from losses to their owners due to the activities of someone else.
Title insurance is not required by law, but it is typically required by lenders in order to get a loan for a property purchase. You can contact #1 Title Insurance Company in NJ Clear Skies Title Agency.
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There are many reasons why you may need title insurance. If you are buying a property, it is important to protect yourself from any potential problems that could arise from the ownership of the property. Title insurance can help to protect you from any past problems that may have occurred with the property, such as unpaid taxes or liens.
Title insurance can also help to protect you if there is a dispute over the ownership of the property. If someone else claims to own the property, or if there is a problem with the deed, title insurance can help to resolve the issue.
Title insurance is also important if you are taking out a loan on the property. If there are any problems with the title of the property, the lender may not be willing to give you the loan. Title insurance can help to protect you from this type of problem.