Title Insurance When Buying a Home in Arizona

When purchasing a home in Arizona, it is important to know that the seller has legal title of the home; otherwise, problems may arise that will cost you money or even your property. In most cases, you are required to purchase title insurance, but what is it? And what does it do for you?

Title insurance is unlike many other forms of insurance that require regular payments or insure against an unforeseen event in the future. Title insurance is purchased at a one-time premium when you close on a real estate transaction. It guarantees that the title company has completed a title search and thoroughly evaluated the condition of the property’s title.

In the case that the title company has missed an item that could affect your ownership or investment in the property, such as forgery, undisclosed heirs or errors/omissions in deeds, you can submit a claim and receive monetary protection or even legal defense if necessary. There are a few options for title insurance, and the title company will issue you a policy when escrow closes. It is important to keep a copy in your records in case a problem arises.

If you are ready to purchase a home in Troon, you will want to have an experienced realtor to help you through the process. As a Scottsdale-based realtor and former real estate attorney, I have the experience and expertise to help make your home buying process as easy and stress-free as possible. Give me a call at (602) 791-0536, and schedule a time to view any homes for sale in Troon.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TroonRealEstate.com