Buying a home is a very emotional  event and perhaps, the most important financial decision in one’s life.

Therefore New Home Owners, Buyers Title Insurance Requirement must make sure are properly protected and reduce the risks and liabilities to a bare minimum.

That’s Why, 

New Home Owners, Buyers Title Insurance Requirements are a must to protect the interest of home buyers  against the claims of third parties for reasons not known to the new homeowner.

For example; if a new home is purchased from a developer that failed to pay a contractor involved in the construction, then the contractor can place a lien (restriction) against the property which will need to be paid before the home is then sold. If the homeowner did not purchase title insurance then, he/she would be personally responsible for paying that debt.

The protection both legally and financially allows homeowners peace of mind and sleep well at night knowing they’re covered against any existing debts or claims that might have not been discovered from the title’s research conducted by the title agency your lender and/or attorney secured for that purpose.

The cost associated with the title on the property is normally about 0.5% of the purchase price and are part of the closing cost overall expenses associated with purchasing a home.