4 ms·
Title companies or title insurance is one piece I've never fully understood. Are title companies basically just insurance companies that do a lookup in public
by celestialcheese 7y ago
Title companies or title insurance is one piece I've never fully understood.
Are title companies basically just insurance companies that do a lookup in public / private records on that property to make sure the person selling the property is actually owned by them. And if they did poor research or the records were wrong, they'll pay for fees. Is that accurate or am I missing something?
- cullenking 7y agoYou got it. They sell a couple different depths of products, the more guaranteed it is the more cost. They do the research to make sure there arent any valid competing claims or partial claims to any property. They bundle that all up with an insurance package for if they are wrong.