If you’re in the process of buying a home, the costs can add up quickly. If you’ve ever thought about avoiding title insurance, this article from The Ascent explains why that may not be in your best interest. 

Title insurance can help protect you against any competing claims or liens on the property, and help  prevent you from inheriting any unforeseen issues with the ownership of the property. The author of the Ascent article noted she was lucky to have title insurance on her pending home purchase as the home had been foreclosed upon and the previous owner had filed a lawsuit to get it back. 

Without title insurance, she could have been out a lot of money or been stuck fighting in court to keep the home. A home is a very expensive investment. You never know what might happen, and it’s not worth taking the risk when it comes to your ownership rights. 

Make sure you add title insurance into your home-buying budget and be confident in your investment. Contact Rhodes Law Firm today with any questions you may have about the process.