Title insurance is one of the best
protections for property owners who encounter a fraudulent or invalid title.
Property ownership, and the ensuing transfer of title, can be complicated and
fraught with legal loopholes that can cost you greatly if uninformed. There are
a few major pitfalls to avoid.
You’ve Been Duped
According to Trading Economics,
about 590,000 residential properties were sold from January to November in
2016. Given the amount of money to be made in this industry, it’s not
surprising that some unscrupulous people will want a piece of the pie. Hence,
in some cases, crooks sell a home that isn’t even theirs; they present a title they have no authority to issue.
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