Why Title Insurance – Part 4
In spite of all the expertise and dedication that go into a title search and examination, hidden hazards can emerge after closing, resulting in unpleasant and costly surprises. Some examples of hazards include: A forged signatrue on the deed, which would mean no transfer of ownership to you; An unknown heir of a previous owner who is claiming ownerhsip of the property; Instruments executed under an expired or a fabricated power of attorney; or Mistakes in the public records.