Title insurance is a policy that protects against financial loss stemming from problems found in a property’s title, or legal ownership.
As the buyer, how do you know the seller really owns the property? How can you be sure there are no liens, such as from unpaid taxes and lawsuits, or undisclosed heirs who might claim ownership? The answer lies in the title search.
A good title search generally turns up these types of issues. And a good title insurance policy will protect you should they arise during your ownership.
In Virginia the buyer and the seller have their own title company, although there is nothing to prevent one title company from serving both parties.
Your agent should be able to recommend a good title company, however, you can choose the title company you want to use.
Tia Stanley Preferred Title Companies:
Williamsburg, VA 23188 – View Map
Nicole Enderle, Owner