When it comes to buying a home in Mishawaka, Indiana, it is important to understand the difference between title insurance and title searches. Title insurance and title searches serve different purposes and protect buyers in different ways. Here, we will explain the differences and why they are important for Mishawaka home buyers.
Title Insurance is a policy that protects home buyers from any claims or issues that may arise due to liens, encumbrances or other title defects. It is a one-time payment that is usually paid at closing and can help protect buyers from any potential title issues.
A title search is an investigation of the property’s title history. During a title search, the title company will search public records to uncover any issues related to the title of the property. This includes any liens or encumbrances that may exist. It is important to perform a title search before purchasing a home in order to ensure that there are no potential issues that could come up in the future.
Title insurance and title searches are both important for Mishawaka home buyers. Title insurance protects you from any claims or issues that may arise due to liens, encumbrances or other title defects. A title search allows you to uncover any potential issues related to the title of the property before committing to the purchase.
By understanding the importance of title insurance and title searches, Mishawaka home buyers can make a more informed decision when purchasing a home. It is important to ensure that you are protected from any potential title issues and that you are making a sound investment in your future.Insurance vs. Title Search: Clarifying the Difference for Mishawaka, Indiana Buyers