Why Should You have Title Insurance for Buying a Property?
Buying a property or a piece of real estate is mostly a once in a lifetime activity. Since it involves your hard-earned money and life savings, you should be aware of the risks that can come with the buying of property/real estate. The risks can, however, be managed by obtaining title insurance. What is title insurance? You obtain a ‘title’ for the property as soon as you purchase it. The previous owner hands over the ownership to you after you have completed all the formalities. This is completed through the registration of a document known as ‘transfer deed’. The main…
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