Title insurance, protects the owner of real estate, from loss of ownership of housing. This insurance is especially in demand when receiving a mortgage. Without this, not one bank will not provide a loan, but only credit cards online. In addition, in the load to the title, the borrower needs to insure his life and ability to work, which is a kind of insurance. You can insure your housing without a mortgage.
Before insured, an insurance company check for legal purity. The next step is to analyze future risks, the analytical department of the company, and in the case of a positive response, an agreement is concluded. The main aspect is the number of transactions with the real estate object, in a short period of time . If this indicator is high, then in the insurance service, you may be refused. According to experts, there is no need to conclude a title insurance contract within 3 years, t. to after a year and a half, the statute of limitations for filing a claim for ownership expires. You can give an example of when an insured event occurs.
A person is not entirely mentally healthy concludes a purchase and sale deal. If the relevant examination confirms that this citizen did not give a report on the actions performed by him, then the court in this case will be canceled.