There are many reasons why it is important for a real estate owner and mortgage lender to purchase title insurance. Title insurance protects owners and lenders from hidden hazards resulting from liens, encumbrances and defects in the title to the property. These hidden hazards threaten the investment in the real estate, which oftentimes is substantial.
Most people want to know the cost of their title insurance premium before the decision to purchase title insurance is made. However, there are other matters to consider. This article addresses some questions you should ask the title agency when purchasing title insurance.
The Kentucky Court of Appeals recently reversed an order of the Powell Circuit Court which vacated its prior order compelling