I am getting closer to closing on a property that has had a "complicated deed" because of many family members involved. I want to make sure everything has been thoroughly done and someone suggested "deed insurance. What is it and where do I get it?
It is insurance on the fact that the deed for the property you are buying is actually clear and there are no other unknown liens on the property. The insurance is not very expensive and is a real good idea. Normally the bank will require it to protect their investment in your property. You should want it and you should get it. It's a real good idea.
Most likely your lender will require it. It's actually called title insurance, and I've never bought a house in my entire life where it was OPTIONAL. It was always required. I think the big one in the industry is called Chicago Title. I could be wrong about that though.
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