When you buy a house, you are allowed to shop around for title insurance. Doing so can make a huge difference. Most people don’t quite know what title insurance is, let alone that they can shop around for it. Title insurance protects you if somebody comes along and claims they have a legal right to your property. it pays your legal fees or even reimburses you if you lose the property. Most people default to the title company their real estate agent or lender recommends. But that can be a big mistake. I saved $1,200 by shopping around for title insurance when I bought my first house and I hope you will too.
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