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Insurance >Title Insurance for Owners If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.
Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!
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| Q |
What is the world's longest wall?
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| A |
The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain. |
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Erik Johnson's Dream North Team
RE/MAX First, Llc
8583 Highway 51 North
PO Box 142
Minocqua, WI. 54548
Phone: 800-472-3207
Fax: 715-356-1849
Email: erikjohnson@NUMBER1EXPERT.com
Erik Johnson, Broker Owner of Re/Max First, LLC, and the Dream North Team are here to serve you with all of your Real Estate inquiries to fulfill your Northwoods Dreams in the Minocqua area. Erik has over 8 years of sales experience and is a proven top producer with CRS and GRI
designations.
Eagle River Real Estate www.DreamNorthTeam.com is brought to you by Erik
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