Thursday, April 15, 2010

Home Buyers/Refinancers: Expanded Title Insurance Is a Necessity These Days!

Recently I spoke with Julie Hudkins of First Nebraska Title and Escrow. She’s an expert on the subject of title insurance and, more importantly, expanded title insurance.

As I’m sure you already know, basic title insurance is necessary to protect you against any unexpected defects, claims on any house you buy, or judgments against previous owners like alimony, child support, etc.

For example, you’d want to know if there are liens against a previous owner because, if there are, then you could be held legally responsible for paying them!

That’s why you always need title insurance – it’s protection in advance.

But, these days you need more than the basic form, especially if you’re buying a foreclosed home! Expanded title insurance protects you against unexpected things like:

• Building permit violations (from previous owners)
• Encroachment violations
• Subdivision violations
• Covenant violations (from previous owners)
• Living trusts
• Structure damage from mineral extractions
• Variety of encroachments and forgeries after title insurance is issued, etc.

For example, assume a contractor put the wrong kind of shingles on a roof; that is, they violated the subdivision rules. Or, in the course of refinancing, you find that you built a fence that encroaches on your neighbor’s property, etc. In either case, you’re more fully protected when you have extended title insurance!

In short, whether you’re buying a new home or refinancing your current one, extended title insurance is vital to protecting your interests!

To learn more about this subject, call Julie immediately at 402.691.9933. For all your real estate needs, call me today at 402.598.3965 or contact me at!


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