Six Ways to Protect Your Homeowner's Title | Homeowners Title Explained ๐ #titleinsurance
Six Ways to Protect Your Homeowner's Title | Homeowners Title Explained ๐ #titleinsurance Homeowner's Title is a legal document that protects the owner from any liability of the property. It also prevents anyone from claiming ownership or taking possession of the property. The six ways to protect your homeowner's title are: Protect your homeowner's title by knowing what you can do to avoid common pitfalls. First, make sure you have a clear title search. Next, get a title insurance policy. Next, keeping up with all the taxes - property tax and real estate transfer tax will help prevent future issues. Finally, have your home inspected to see if it needs any repairs or renovations before selling it on the market. 1. Make sure you have an up-to-date title insurance policy. 2. Obtain a copy of your property deed and make sure it is properly dated, recorded, and signed by all parties involved. 3. Maintain good records of who owns what and where it is located on your lot, as well as in your home. 4. If you are renting out part or all of your property, make sure that there is a contract in place that clearly states who has what rights to the rented space and how long they have them for.