Why You Should Have Title Insurance
Based in East Rockaway, New York, Marc Rovner is an attorney who oversees the legal department at Beta Abstract LLC, a multi-million-dollar title insurance company. With over 30 years of experience in the field, Marc Rovner also provides legal education on title insurance and real estate law.
Title insurance offers home buyers and mortgage lenders protection against defects or issues that may arise during or after a real estate transaction. Title insurance protects the new owner against things such as unpaid taxes of the prior owner of the property, fraud, forgery, and recording errors. Nearly every lender requires that home buyers purchase a title insurance policy to obtain a mortgage. The title insurance policy protects both the buyer and lender from risks associated with the property. In addition, homeowners with title insurance will also have the peace of mind knowing that they will be insured against expenses from title defects.