What is Title Insurance and What Does It Cover?

Obtaining title insurance is an important part of purchasing a piece of real estate. Title insurance protects you as the buyer from any issues that may arise during a transfer of ownership.

On today's show, we're diving into the world of title insurance! You'll learn about the different types of title insurance, how to get title insurance, as well as who pays for the policy. We'll talk about different issues that could arise beyond the title search, and how title insurance can protect you in those instances!

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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[renarich]

Hi it's so weird seeing your older videos it's like a blast from the past- I'm a subscriber had no clue you were Into real estate lol

[supershrpy]

I have to say that your videos have helped me as well; and if not for you then I wouldn't have jumped into real estate last year. You have motivated me and I love your last day on F&F! Incredible!

[rudalfy]

Thank you for always explain things with simple language. ❤

[FlowtnWitWalden]

Great info... between the "J. O. B." and tending to outdoor projects now the weather has calmed, I've stayed away from youtube a couple weeks. Upon returning I'm amazed at the quantity and quality of material you guys at Morris Invest keep churning out!

[ms]

Your videos have helped me to understand real-estate. Thank you!

[mrkrabs]

Clayton & Natalie, you should make a video responding to the allegations made against you in the recent news articles.

[hockeyfan]

What happens if the previous homeowner did not pay taxes correctly and their is now a tax levy on the property for these unpaid taxes for credits that they were claiming unjustly ? I just got my first house and have title insurance, was given title free and clear at closing however they were using a veterans tax credit write off that they were not entitled to use, town is now levying on my taxes for back tax is this covered for title insurance since it was not disclosed or found at closing since they lied on taxes ?

[MultiGoodriddance]

@morrisinvest can't the bank be covered by the owner's policy that is purchased by the seller? instead of the buyer having to buy a lenders policy that has the exact same info?

[dneshad]

You just said Nepal @3:32. I am surprised. Most people don't know Nepal lol. 🙏🙏🙏🙏🙏🙏 Nice video understood in a simple language

[razorx]

I hope you see this. I read your version of the story, and watched the entire video. I’ve also read the other articles. I am saddened to see that you are going through this terrible time right now. Natalie, you made me choke up a few times. I want you to know that you are not alone in this, and that there are people in this world that care about both of your well beings. I’ve watched videos from you for a long time now, and you both are motivating, sincere, and I can tell that you do care about the content you put out. Be proud of that. From the bottom of my heart, I hope everything gets sorted out for you in a timely manner, so you can get back to your normal. Keep fighting this fight. I’m in your corner.

Sincerely,

Michael A.

[XxowendanxX]

What happens when after the purchase, the county informs you that it can't put you on the tax roll because the LLC that sold it to you did not own it?

[logansalt]

Your videos are helping me with my rental property

[fuzzyheadsjournal]

I'm dealing with this right now on an investment property I bought. So frustrating. It was my first sizable investment and now a neighbor is threatening to run off anyone who comes near. Glad I have the title insurance. I'm not sure what they'll do.

[sgrr.]

Do you need that for new build homes? And how much is it usually ??

[Skenderbeg]

Hello,

I'm interested in attending a sheriff sale in New Jersey. However, I have read on county websites that all sheriff sales are sold subject to a first mortgage and outstanding liens. So, my question is: If I'm the winning bidder at a sheriff sale and I become the new owner of the property, does getting title insurance afterwards protect me and wipe off any mortgage, liens, and judgments from a property?

[jmhowlett]

So basically if you buy a house and your not using a lender and paying cash you absolutely need to buy title insurance. If you don’t buy title insurance the person that sold you the home could have stolen the house easily by having the previous owner sign a deed. The deed just says who is currently owner, but it really doesn’t mean ownership because only title insurance can guarantee who the real owner is. that means the person that signed the deed will have to sign in person again if you decide to sell the home. Because if the person your selling to is using a loan to purchase, the bank will not close the loan until the title comes up clear. To get clear title the person that sold you the home has to sign in person with the title insurance companies own notary. If they won’t sign the deed again then you don’t have ownership and the title is not clear good luck selling. Example if my dad quitclaim deed his home to me and then 5 years later I try to sell the agent working for the person buying from me will order the title insurance. They will know right away the title is not clear. The title insurance gives notice to other family members of the deed transfer and gives them a chance to hire attorneys. That is if my dad won’t sign in person again or he’s dead. If he signs in person again then it should be fine. That’s why it’s important to only use trustworthy agents.

[mukundabhandari]

Did she said "NEPAL" 3:28 ? Love this video even more now lol

[trishcole]

yes! THAT was WELL explained. Thank you

[BayouHotBoy]

My Granpa is selling me an old house for 55k. Would I need Title Insurance if I'm just buying it outright?

[jolindeng]

My client bought a house in 2018, currently they are selling this house, it's under contract. The buyer's title company found out there is an open permit since 1992. It's needs to be sign off in order to close this transaction. My client is contacting their attorney, no respond so far. I believe title insurance covers it. right?