When buying a home or property in Connecticut, it is important to protect yourself against any issues that may arise with the title of the property. Title insurance is a type of insurance policy that protects homeowners and lenders against any defects in the title of the property.
Here are some key reasons why title insurance is important in Connecticut real estate transactions:
- Protects Against Liens and Judgments: Title insurance can protect you against any liens or judgments that may be attached to the property. This includes unpaid taxes, mortgages, or other debts that could impact your ownership of the property.
- Covers Boundary Disputes: Title insurance can also protect you against any disputes over the boundaries of the property. This includes issues related to encroachments, easements, or other disputes with neighboring properties.
- Provides Peace of Mind: Title insurance provides peace of mind knowing that you are protected against any potential issues with the title of the property. This can help you feel more secure in your investment and avoid any unexpected legal battles down the road.
- Required by Lenders: Most lenders require that borrowers purchase title insurance as a condition of their mortgage. This is because the lender wants to ensure that they are protected against any potential issues with the title of the property.
At our law firm, we can assist you with all aspects of your real estate transaction, including obtaining title insurance. We can help you review the title insurance policy and ensure that you have the protection you need to make a sound investment. Contact us today to schedule a consultation and learn more about how we can assist you with your real estate needs.