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Prudential Clear Water Realty

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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 
Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?

A 
Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year.
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Jason Sanderson and The Sanderson Team, REALTOR®, real estate agents and broker for New Bern, Havelock and Oriental North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Jason Sanderson and The Sanderson Team
Prudential Clear Water Realty

246 Craven St.
New Bern, NC 28560
Cell: 252-671-6320
Office: 252-675-8212
Fax:: 252-633-4337
Email: Jason@SandersonTeam.com
Email: Tim@SandersonTeam.com
Email: Erica@SandersonTeam.com
Email: Marguerite@SandersonTeam.com

The Sanderson Team takes buying and selling real estate to a whole new experience. We are in continous training from the Nations top real estate teams to learn new ideas and better ways that we can serve you. Please call The Sanderson Team for New Bern's top Real Estate Professionsals.


Prudential Clear Water Realty


Prudential Clear Water Realty. Equal Housing Opportunity.


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