Title insurance protects new and existing homeowners, commercial property owners and lenders against losses as a result of title defects and claims against a property not uncovered in a title search. Title insurance provides protection against issues like unpaid liens, encroachment issues, construction liens, defects in title, costs arising from building code violations, as well as real estate title fraud.
If real estate title fraud occurs, the onus is on the homeowner to prove the crime and it can be very costly - financially and emotionally - to restore title. For a one-time premium, title insurance is one effective and inexpensive way to ensure a property is protected. It covers all legal expenses related to restoring a title and is available to existing home owners long after they have purchased their properties.

Title insurance covers you for the above, but there is another item that you should be aware of.

If you are refinancing with your bank, make sure that the old mortgage charge on your Title search is removed form the title. Failure to remove old charges, even if there is no money owing could result in unecessary delays on completion, when you decide to sell a home.

It is a good idea to take a look at your title to see if any old mortgages or charges, that have been since paid off, are stil;l there.

To request a copy of your title document, you can got to www.landcor.com and get a report for a small fee.
An ounce of prevention is worth a pound of trouble.

For more information on title insurance go to; http://www.protectyourtitle.com/ and make sure that the major investment in your life is well protected.

If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net