How to Save Up to 90% on Title Insurance

Bill Bronchick - How to Save Up to 90% on Title Insurance: "If you have ever bought or sold real estate, you have probably paid for title insurance. What exactly is title insurance? Why do we need it? How can I save money on title insurance? These are common questions asked by real estate investors.

Whenever title passes, the seller usually gives a deed containing certain guarantees or 'warranties' (hence the name 'Warranty Deed'). The seller warrants that title is good, that is, no one will come challenge the integrity of the title. For example, if a deed that was passed before him was forged, all subsequent transfers are void. Other problems may be more subtle, such as a deed with an incorrect legal description or misspelled name. Any irregularities in the 'chain of title' will place a 'cloud' on the integrity of the title."
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