What is Title Insurance and How Does It Work?

What is Title Insurance and How Does It Work?

Lora Rosenthal Lora Rosenthal

Lora Rosenthal

CEO/President Touchdown Abstract Services, Inc.; NYS Lic Real Estate Broker at Touchdown Homes, Inc.

发布日期: 2025年1月10日
+ 关注

To put it simply, title insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in title to your property that is covered by the policy. Title insurance differs from other types of insurance in that it focuses on risk prevention, rather than risk assumption. With title insurance, title examiners review the history of your property and seek to eliminate title issues before the purchase occurs. Title insurance also differs in that it comes with no monthly payment. It’s just a one-time premium paid at closing.


Touchdown Abstract Services, Inc.

350 Moffitt Boulevard - 2nd Floor

Islip, New York 11751

Phone: (631) 224-7196

Fax: (631) 224-7197

#touchdownabstract #realestate

要查看或添加评论，请登录

Lora Rosenthal的更多文章

  • Expected value (EV)
    2024年9月21日

    Expected value (EV)

    ? The sum of the weighted averages of all possible outcomes of a probability distribution. Probability distribution is…

  • What Does Title Insurance Cover?
    2024年7月2日

    What Does Title Insurance Cover?

    Any number of title issues may arise, even after the most meticulous search of public records. These hidden defects are…

  • What is Title Insurance and How Does It Work?
    2024年6月27日

    What is Title Insurance and How Does It Work?

    To put it simply, title insurance is a way to protect yourself from financial loss and related legal expenses in the…

  • Balloon Payment
    2023年8月8日

    Balloon Payment

    ? The final payment of the balance due on a partially amortized loan. Touchdown Abstract Services, Inc.

  • Apportionment
    2023年8月8日

    Apportionment

    - Adjustment of the income, expenses or carrying charges of real estate usually computed to the date of closing of…

  • Prestige and Property Classes
    2023年3月11日

    Prestige and Property Classes

    ? Recognition that various status levels may be assigned to commercial properties as defined by user needs, the quality…

  • Cash flow after taxes (CFAT)
    2022年8月27日

    Cash flow after taxes (CFAT)

    ? For properties, it is the result of several steps (see following formula), first calculating the net operating…

  • Recovery
    2022年7月9日

    Recovery

    ? A period of increasing economic activity or a general economic upturn, typically following a stabilization of key…

  • GAP ANALYSIS
    2022年7月9日

    GAP ANALYSIS

    ? An evaluation of the difference in the demand and supply of space (measured in terms of square feet) for a particular…

  • Occupancy Cost
    2022年6月26日

    Occupancy Cost

    ? Expenditures required to assume and maintain occupancy of a space. These include rent and/or mortgage payments and…

社区洞察

其他会员也浏览了