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.

What a Good Title Company Does

Corbett points out that a good title company does more than just paperwork. They check for issues like:

• Unpaid liens
• Gaps in ownership
• 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.

What Can Homebuyers Do?

Corbett suggests asking the title company about their process. Make sure they:

• Review past deeds
• Check tax records
• Look for any legal issues tied to the property

This extra step can save a lot of trouble down the road.

Understanding Title Insurance

Another important point is understanding title insurance. There are two types:

• Lender's policy: Only protects the bank.
• Owner's policy: Protects the buyer.

It's crucial to have the right coverage.

Final Advice

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.