Title Insurance
Moaeez Rehman: What Is a Title Search? Do you NEED Title Insurance? - Reminders
https://www.fsco.gov.on.ca/en/insurance/brochures/documents/undstitins.pdf
What title insurance covers¶
- title issues that prevent you from having clear ownership of property
- previous home buyer's unpaid bills
- encroachment issues
- structure on your property needs to be removed becase
- [[Title Fraud]]
- Errors in surveys and public records
- other title related issues
Other benefits - allow deals to close in a quicker time frame
Title search¶
- everything that's registered up to that point
- doesn't show anything unregistered
- if they haven't paid their property taxes or other bills in the last 90 days
How much is title insurance?¶
- one time fee
- $800 -> $1200
How do you know if you have title insurance?¶
Last update:
2023-03-20