An important part of any home purchase is obtaining a title insurance policy on the property. A title insurance policy assures you and your lender that the property is “free and clear” of any other interests. This means that no one else may claim any rights to your property that would impair your ability to use and enjoy the property. To obtain a mortgage for a home purchase, lenders require a title insurance policy. Title insurance applies to any property you own—a condominium, a townhouse, a single-family home, or commercial property. Again, the purpose of the policy is to protect… read more »
Engaging an Attorney for a Home Purchase
Buying a home is an exciting but often intimidating experience for people, especially for first-time buyers. People have a lot of questions about the process. One question is, “do I need an attorney?”. While the roles of the realtor and bank in a residential real estate transaction are obvious, the role of an attorney may be less so. But in real estate closings, as in all cases, the role of the attorney is to be an advocate for his or her client. One very important reason to hire an attorney when buying a home has to do with the title… read more »
Buying A Home Can Be Intimidating
Article by: Rebecca Shanaman, Esquire Buying a home can be an intimidating experience for people, especially for first-time buyers. People have a lot of questions about the process. One question is, “do I need an attorney?”. While the role of the realtor and bank in a residential real estate transaction are obvious, the role of an attorney may be less so. But in real estate closings, as in all cases, the role of the attorney is to be an advocate for his or her client. One very important reason to hire an attorney when buying a home has to do… read more »