What is Title Insurance?
Title insurance did not appear in Canada until the early 1990s. Title insurance may protect the insurer for certain known defects and real estate fraud, and quicken the closing rocess by allowing transactions to close without confirmation of registration of the new ownership and mortgage. It also provides assurance that any improvements on the land comply with applicable zoning bylaws and that there are no encroachments on the lands or on adjoining lands. If there are encroachments, the insurance company may cover the cost of their removal or compliance measures.
Joe Samson, a Calgary REALTOR ® who has been helping clients to achieve their goals in the Calgary real estate market for many years now. Please visit some of his other web pages such as Silverado real estate.
To Your Real Estate Success!
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Last updated on: 2012-05-17 00:22:34
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