WHAT IS THE PURPOSE OF TITLE INSURANCE? By Stephen J Izzi

Introduction Stephen J. Izzi is a real estate professional with

25 years of experience in the industry. In addition to being the owner and operator of residential and commercial real estate firms, Stephen J. Izzi owns Northeast Executive Abstract Agency, Inc., a company that provides real estate settlement services.

One of the services that Northeast Executive Abstract Agency, Inc, offers is title insurance. A title is a document that guarantees legal ownership and use of a property to a buyer.

Title Insurance However, certain conditions, known as title

defects, can undermine a buyer’s claim to a property. Three of the more common title defects are property liens, forgeries, and encumbrances. When buyers purchase title insurance from a licensed company, they protect themselves from the liabilities that come with having a defective title. A title insurance company can perform detailed title searches, perform the necessary legal action to secure your claim to a property, and even pay to remove a lien from a property deed.