Archive for September 2017

What Is Title Insurance and Do You Need It?

Let’s face it, if the home buying process was as easy as shopping on the Groupon Coupons page for Disney Store then there wouldn’t be any need for real estate agents. However, given that there are millions of agents around the country, it’s fair to say that the process isn’t all that smooth and can sometimes seem intimidating.

 

It is this feeling of intimidation that leads many homebuyers to forget small details and overlook important matters, leaving himself open to some serious conquests.

 

One of these processes is Title Insurance, and forgetting it can have serious financial consequences. Keep reading to find out more.

 

Let’s start with an example.

 

Imagine a scenario that involves the property you are looking to buy. In this scenario, roughly 50 years ago, the owner at the time passed away, leaving the property to his two children. However, as one of the children was away, the other forged their signature and took full ownership of the home.

 

This owner quickly sold the home to the owner you are buying it from, with this owner being none the wiser as to what has occurred.

 

Without performing your title insurance related due diligence, you complete this sale, handing over the check and in turn, receiving the keys to the property.

 

Now, continue to imagine that years into the future, the sibling finds out that they were entitled to half of the money from the sale before yours. Once they find out, they lodge a legal claim over the title of your home. Once investigated, your home will be placed up for sale, with the proceeds to first cover the siblings claim, and the remainder (if any) making its way to you.

 

In this situation, you end up with a mortgage for a home you don’t own and very little financial recompense from the sale.

 

While it can seem hyperbolic, this situation is very real and can happen to any homeowner who doesn’t take out title insurance.

 

How Does Title Insurance Protect You?

The first stage of the title insurance process is to perform a thorough investigation into the transfer history of your home’s title. This is performed by an agent who is trained in discovering anomalies with transfers and any inconsistency which could come back to cause problems.

 

Once the agent is satisfied with the condition of the title and its history, they will offer you a title insurance policy. For a single fee, this policy provides you with financial protection in the event that an issue like the one above occurs.

 

For example, if the above situation occurs and you have a title insurance policy, your title insurance provider will instead provide financial recompense against the claim, leaving the title of the property firmly in your hands.

 

It’s important to remember that title insurance can only be purchased prior to settlement. Once the keys and check have changed hands, it’s too late to take on this protection and you are left vulnerable to any potential claims which may be made.

Know About The Real Benefits Of Security Safes

In the recent years, economic downfall is visible all around the world. It has resulted in poverty and many people are finding it difficult to sustain their daily lives. Criminal activities have increased and in most of the cases home invasion is the direct results of increase criminal actions. Homeowners aim to protect their house from criminal action and there is an emergence of first security safe system. Each type of system varies in their performance and home security cameras are most popular and are widely used in majority of homes. In addition to home they are utilized in many other places ranging from hospitals, schools, commercial places like restaurants and also at public transportations. There are many benefits secured by homeowners with the use of right type of used safes provided by the various trust worth service providers. If these benefits are realized by people they do not hesitate to install proper security devices at correct location at home.

These types of safety uses are not only providing safety and security to property or materials but they are also monitoring on the safety of people that reside in. Hence people that are far away from their loved ones and still concern on safety of their beloved people can monitor on their safety through advanced home security devices. Much advancement is made in security systems and it is now feasible to get alarm through mobile devices. In case of theft or burglary, homeowners are notified on it through their mobile device and this security system also present with immediate assistance to the place where criminal activity is detected. Position of installation of security system is essential to decide on its effect. At some of the public spots, such kind of devices is being installed in a noticeable manner and the intention of such kind of devices is to prevent thefts from involving into illegal activities for sure. No doubt that, people by integrating such kind of used safes in their living home will help them to live a safe and secure life for sure. They can stay in their own home without any hesitation.

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