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In 2019, residents applied to remove the play area as issues with title deeds meant that only some of the new owners were required to pay their part of the maintenance ... inspections and insurance costs around the park, over and above grounds maintenance.What is title insurance and what does it do?
Title insurance is a type of insurance that covers potential damages from errors in the ownership records of your home or property. In most cases, you purchase title insurance when you get a mortgage. Title insurance policy covers either a homeowner or a mortgage lender, but you'll usually need to pay for both types as part of your closing costs.What is title insurance and do you really need it?
Title insurance protects you against any events and errors that occurred before you owned the home, like improper or forged title documentation, unpaid debt by previous property owners, or issues of ownership resulting from conflicting wills, all of which could potentially cloud or blemish the property title.