As we said in March in the post Title Insurance Vital to Protecting Homebuyers, Fox Business agreed today – every purchaser should purchase owner’s title insurance when buying a home. The additional one-time cost of obtaining important protection for the homeowner, rather than just paying for required lender’s coverage, is relatively small compared to other closing costs and, especially, compared to the potential loss and expense a homeowner may incur without owner’s coverage. Be sure to ask your real estate settlement attorney or agent about available discounts for reissuing title insurance on property covered by a prior policy and for simultaneous owner’s and loan policies.
MartinWren, P.C. attorney Lewis A. Martin, III practices real property law and estate administration law in the firm’s Charlottesville office. For more information regarding property foreclosures and other real estate issues, please call Lewis at 434-817-3100 or email him at [email protected]. With offices in Charlottesville and Harrisonburg, Virginia, MartinWren, P.C. is a dynamic law firm offering legal services to individuals and small and large businesses across the Commonwealth. MartinWren, P.C. represents clients in diverse practice areas: Business, Corporate & Tax Law; Estate Planning & Administration; Personal Injury; Intellectual Property and Technology Law; Healthcare Law; Commercial & Residential Real Estate; Civil and Commercial Litigation; Startups and Emerging Companies; Family Law & Adoption; and Nonprofit Organization Law. To learn more about MartinWren, please visit www.martinwrenlaw.com.
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