Title Insurance | Costs when Buying a Home
Your lawyer will advise you of Title Insurance. This insurance protects you against any problems with the actual title of the property such as encroachment issues.
If structures that are on your property are encroaching on your neighbors property and needs to be removed, you will be covered through this insurance. It also protects you against existing liens against the property’s title, title fraud, undischarged mortgages and other issues relating to the property’s previous owners.
Approximate Cost: $250 One-time Cost