Monday, December 26, 2016

Protecting Property Rights

When it comes to protecting your rights as a property owner, start by purchasing an owner’s title insurance policy. A one-time fee to a title company, such as Michna Law Group, can protect your property for you and your heirs throughout the duration of property ownership.

Home Buyer Cambridge Title Insurance Owner Lender Policy

An owner’s policy protects you from:
  • Unpaid mortgages
  • Unpaid property taxes
  • Child support liens
  • Missing heirs who could claim the property belongs to him or her
  • Missed easements or rights of way that could limit your use of the property
Title insurance policies take on two forms: an owner's policy for the home buyer and a loan policy for the lender. While a majority of lenders require a loan policy based on the value of an when issuing a loan, it only serves to protect the lenders. This is why it's vital purchase an owner's policy to ensure perpetual protection.

For additional question on how Cambridge Title Company can help you with an owner or lender policy, contact us via phone at (847) 446-4600 or email at BJM@MichnaLaw.com.
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