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Reason 92 - Your Real Estate Agent Helps You Arrange Title Insurance Coverage
Most people do not see the importance of careful title search or the need to require title insurance. Majority of men and women who participate in real estate transactions still has to be educated on the instruments that should be applied in order to protect their interests either as buyer or seller.
Title insurance is important. It will determine whether the property is upright, on the one hand, and list the proper documentation of the owner’s identity and other personal information, on the other. It is important to know who is selling the property to avoid being victimized by unscrupulous sellers.
Likewise, a tax search activity should be implemented. This is meant to verify if the taxes are paid on time or not paid at all. Title insurance protects the customer against owning questionable properties. In seeing to it that the vendor is reliable, a direct referral to title insurance will clear the question.
The title insurance also provides protection against foolishness made by vendors in the process of selling the property. Lenders also will find refuge in the title insurance facility once illegalities are observed. In this way, lenders can easily terminate any transaction pertaining to the questionable property.
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Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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