Paul, Flandreau & Berger, LLP

Real Estate Taxes :

The role of title insurance when buying real estate :
When purchasing real property, if you are obtaining a mortgage, you will be required to buy title insurance. Although title insurance increases your closing costs, it is a good idea even if it is a cash deal since, like car insurance, it provides protection from the unexpected. Specifically, it provides coverage for the title – in other words, your ownership rights – to the property that you are buying. It gives you protection against claims that you do not, in fact, own the real estate for which you paid.