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Real Estate Tips
Insurance >The Purpose of Title Insurance

When you finance a home through a lender, you will be required to purchase title insurance to cover the amount of your mortgage loan. At the closing you will be given the option to buy additional coverage to protect your investment.

Before the closing, the title company will order a title report to make sure the sellers actually own the home and that no one else has a legal interest in the property. This process will identify any potential title problems or liens. Title insurance covers you against any future claims that did not appear on the title report. It is a one-time charge that you pay at the closing of the transaction, and it covers your future equity up to a stated maximum amount as your property increases in value. It's a small price to pay to protect such a major investment.

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Real Estate Trivia
Q 
What famous American Lady has an arm length of 42 feet?

A 
The Statue of Liberty
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The Thomas Team, REALTOR®, real estate agent and broker for Evanston, Wilmette and Winnetka, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Thomas Team
Coldwell Banker Residential Brokerage

1508 Sherman Ave
Evanston, IL 60201
Mike: 847-322-6968
Lene: 847-322-8757
Fax: 847-939-5633
Mike@MichaelThomasRealty.com

Teamwork! That sums up our relationship with our clients. The Thomas Team and YOU are working together towards a common goal - To satify your real estate needs! Integrity, honesty, dedication and market knowledge are our guides! We're with you "Every Step of the Way".

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