Smart Steps to Secure Your Home Purchase

Buying a home is a big deal. It's easy to think that the title company will handle everything. But, that's not always the case. Patrick J. Corbett, a title expert, warns that not all title companies offer the same level of protection. Some just do the bare minimum to meet lender requirements. This can leave homebuyers at risk. Corbett points out that a good title company does more than just paperwork. They check for issues like unpaid liens, gaps in ownership, and easements. These problems can cause big headaches later on. If the title search isn't thorough, buyers might face claims or disputes years after buying the home.So, what can homebuyers do? Corbett suggests asking the title company about their process. Make sure they review past deeds, check tax records, and look for any legal issues tied to the property. This extra step can save a lot of trouble down the road. Another important point is understanding title insurance. There are two types: lender's policy and owner's policy. The lender's policy only protects the bank. The owner's policy protects the buyer. It's crucial to have the right coverage. Corbett's advice is clear. Take the time to ask questions and verify details. This can give homebuyers peace of mind and protect their investment for years to come.