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Old School Title Agency
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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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| Q |
What is the longest construction time for a private residence?
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| A |
The Winchester House in San Jose, CA, was under construction for over 38 years. |
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The Schuman Team - Dan and Amy Schuman
Keller Williams Realty Greater Cleveland
27950 Chagrin Blvd
Cleveland, OH 44122
Dan: 216-346-3235
Amy: 216-403-9189
Fax: 216-456-2333
Email: danschuman@NUMBER1EXPERT.com
The Schuman Team will make the home buying and selling process a positive experience. Our unique "Designed To Sell" program will help our sellers stand out from their competition and sell quicker. Home buyers will appreciate our market knowledge, quick response time, and unmatched negotiating skills.
Chosing The Schuman Team will give you the peace of mind that you have chosen to work with true professionals.   
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