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Rainmaker
4,882,343
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
6,392,889
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
1,196,588
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

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

Apr 01, 2019 05:14 AM
Rainmaker
5,215,488
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
5,104,806
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
5,229,243
Debe Maxwell, CRS
Savvy + Company (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
3,416,038
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
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Mandatory. Insured. 

Jun 19, 2019 09:14 AM
Rainmaker
2,390,010
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
921,504
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
757,885
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
5,868,372
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
2,220,323
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
427,147
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

It ensures the title...

Apr 01, 2019 04:15 PM
Rainmaker
5,772,575
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
1,502,848
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
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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

Apr 01, 2019 07:13 AM
Rainmaker
2,781,013
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
1,310,972
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
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily 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
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

A lot of good protection for a relatively low cost.

The second answer is:  A Definite Article

Apr 01, 2019 07:01 AM
Rainmaker
7,834,961
Roy Kelley
Retired - Gaithersburg, MD

Protection.

Apr 01, 2019 06:09 AM