Ahh yes, the infamous Preliminary Title Report, or as we call it in the biz: The Prelim. This is one of the many documents in a real estate transaction that is meant to disclose all significant knowledge of a property’s current condition to the buyer. The prelim, however, is one of the most important disclosures. […]
Tag Archives: title insurance
Know What Title Insurance Policy You Are Getting: CLTA vs ALTA
Title insurance protects a title holder from some pretty scary potential problems. When buying or selling a house in California it is pretty common to be required to buy title insurance, but there is an exception or two. In most transactions there are 2 title policies that need to be purchased: The owner’s title policy, […]
Do You Really Need to Buy Title Insurance?
Do I need to get Title Insurance? Buying a house is BIG DEAL, and it is usually pretty expensive too. Sometimes cash-strapped buyers start looking for expenses they can live without in order to save some money. One of the first line items they might look at is Title Insurance, and wonder “Do I really […]