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Posts tagged "liens"

Deciphering the Title Commitment

Acquiring title insurance is an integral part of acquiring real property because it insures against financial loss from defects in title and is required by commercial lenders. However, the importance of properly evaluating the title commitment is often overlooked, perhaps because the information contained in the title commitment can be difficult to understand. Your title policy will be issued based upon the title commitment so you should understand all of the information contained in the title commitment. Your real estate agent and lender can assist you in limited amounts, but they are not a substitute for having a knowledgeable and experienced attorney review the title commitment, survey, and loan documents on your behalf.

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