How Title Insurance Protects Your Home Purchase?

Imagine moving into your dream home, only to discover months later that someone else claims to own it. Scary, right? Title insurance exists to prevent nightmares like this.

Buying a home is one of life's biggest financial moves. While most buyers focus on mortgage rates and closing costs, protecting your ownership rights is equally critical. That's where title insurance steps in.

Let's unpack everything you need to know to stay fully protected.

• Title insurance protects your legal ownership rights against hidden defects.
• One-time premium covers you for as long as you own the property.
• Essential for all homebuyers to prevent unexpected legal issues.
• Distinct from homeowners' insurance, it focuses solely on title and ownership.

Title insurance protects against problems with a property's ownership history, issues that might not surface until after you purchase the home.

Common hidden risks include:

• Unknown heirs
• Forged signatures on deeds
• Errors in public records
• Undisclosed liens or judgments

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With a one-time premium at closing, you're covered for as long as you or your heirs own the property.

Pro Tip: Think of title insurance as a "financial safety net" for your homeownership journey.

Without title insurance, you could face:

• Legal battles over property rights
• Unexpected financial losses
• Stressful disruptions to your homeownership.

Real-World Example: A Florida buyer discovered a prior owner's unpaid tax lien months after closing. Title insurance paid off the lien, saving the buyer from a $10,000 out-of-pocket expense.

Before issuing a policy, title companies conduct a comprehensive search to uncover any issues.

If the title is clear (or manageable issues are resolved), the policy is issued, protecting you from future claims.

Should a hidden issue arise later, your title insurer steps in to defend your rights and covers financial damages if necessary.

• Protects the mortgage lender.
• Required for most home loans.

• Protects you, the homeowner.
• Optional but strongly recommended.

Pro Tip: Owner's title insurance is usually inexpensive relative to the home's price and provides priceless peace of mind.

• Typically: 0.5% to 1% of the purchase price.
• One-time payment: No recurring fees.

Example: On a $300,000 home, expect to pay around $1,500 to $3,000 at closing.

Buying a home is a big decision - and having the right information puts you ahead. But the real advantage comes from pairing smart research with a smarter way to buy.

When you use a reAlpha real estate company, you can be eligible to receive up to 1% of the home purchase price back as a credit at closing. Add reAlpha Mortgage, and that rebate can increase to up to 1.5% back, helping offset closing costs and keep more money in your pocket when it matters most.

The rebate is simple, transparent, and applied directly at closing - no complicated hoops, no delayed payouts. Just real savings tied to using a fully integrated homebuying experience.

See how much you could save:

• Check your eligibility
• Explore homes that fit your budget today.
• Your next move could come with thousands back at closing.

Estimate your savings → Rebate Calculator

Ready to protect your home and your wallet? Start your journey with reAlpha Mortgage.

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