Does title insurance protect the buyer of a foreclosed proprty from a second mortgage against the home?
Unless the title company takes a specific exception in the title policy, the policy will protect you from having a financial loss because of, or arising from matters such as someone else owning your home, a forgery or fraud in the prior title, lack of legal access to the property, or the existence of undisclosed liens such as taxes, mortgages, assessments or charges, as well as many other matters which affect the ownership of the property.
Related Questions
- When I buy a home and protect it with title insurance, what happens in the event someone should challenge my ownership of the property five or ten years after the purchase?
- Does title insurance protect the buyer of a foreclosed proprty from a second mortgage against the home?
- How does Owners Title Insurance protect the buyer?
