If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.
Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!
Team Red Hot Long Realty 7000 East Shea Boulevard Suite 1970 Scottsdale, AZ. 85254 602-418-1153 877-273-3468 888-873-3770 Fax: 480-452-1804 Email: lfox@teamredhot.com
Lloyd Fox uses the same professionalism, ethics and attention to detail that he used to be a successful Vice President of a medical equipment company. Lloyd looks at past success as merely, that, the past. "We are only as good as our current customer. " If Lloyd Fox and Team Red Hot are successful with YOU, then that's the only thing that matters. As an Arizona resident of over 20 years, Lloyd knows the area and concentrates completely on YOUR individual needs!
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