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What is title insurance and how does it work?

Insurance title
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What is title insurance and how does it work?

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Peter Paul

When purchasing real restate, buyers want to be certain that the sellers own the property, and have the legal right to transfer ownership. One way to do this is to run a title search on the property. During a title search, an attorney, title company or licensed abstracter can investigate the chain of title.

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A relatively recent development in the Ontario real estate market has been the advent of title insurance, which has existed in the U.S. real estate market for many years.

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