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US expands foreclosure program
Bucks County -
Penndel Borough to consider requiring sewer lateral inspection at point-of-sale
Chester County -
Downingtown requires resale inspection
Delaware County -
Marple Newtown eyes budget
Montgomery County -
Amtrak breathes new life into Ardmore project
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Title Insurance
5 Things to Understand about Title Insurance
- It protects your ownership right to your home both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person's name or an inaccurate description of the property.
- It's a one-time cost usually based on the price of the property.
- It's usually paid for by the buyer.
- There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.
- Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.