Life ,car, home and now title insurance. It is very important to understand why having it will ensure when you buy your home you will not be inheriting problems from any past liens, undisclosed or missing heirs, unfilled legal documents, old unsettled estates, and so on. A title company chosen by a participating Realtor in the transaction will order a title search to be performed. A title search is a review of all recorded documents affecting a specific piece of property to determine the present condition of title. We all like to see title reports come back with a clean bill of health (no title defects) but time to time a defect in title surfaces. Usually with a diligent realtor working with a title company associate these defects can be worked out before closing.
It is very important to be aware of when title work has been performed and how the results will affect the successful close of your transaction. Be a informed buyer in your transaction and ask your Real estate professional if they have seen your title work and if their are "any defects" that have surfaced. Being involved in your transaction and not just watching from the sidelines will give you a piece of mind that your transaction is progressing smoothly without any snags.