You’ve moved into your new home and someone steps forward claiming to have rights to the property. Title Insurance protects you, the homeowner, and your mortgage lender should a dispute emerge over your property.
PA Title Insurance
Pennsylvania title insurance is mandatory when you purchase a property and is a one-time fee. The fee you pay is determined by the State Department of Insurance. It will protect you and your lender and should a court case arise, you won’t need to pay a cent in fees.
You are not obligated to go with the title company the realtor suggests. It is best to shop around and compare quotes from multiple PA title insurance companies. A lawyer can help your search for a company. It is usually a quick and efficient process.
Here are some quick tips to remember when getting title insurance. You should not waive your right to choose your own title company. Your realtor may recommend someone but it may be unnecessarily expensive. Do not wait until the last minute to research companies.
A search is usually painless and can yield significant savings. A local attorney can provide advice.