An insurance policy which protects the insured against loss
arising from defects in title. Title insurance policies are typically obtained
for the buyer and the lender.
Types of defects title insurance can cover include but not limited; to errors
within the public records, unrecorded or unknown liens on the said title,
illegal deeds on the title, forgeries done on, against or even pertaining to
the title, boundary disputes if the title is for a property, and such extremes
as a false impersonation of the previous owner/owners. If an owner shall
encounter any of these title defects without title insurance, it is assumed
that the court hearings pertaining to the dispute of the title will often be
long, complicated, and the verdict in favor of the plaintiff. Lawyers from all
over the country and many different firms often seek to avoid said court cases
because they are proven to be the most problematic.
Category: Blogging
Real Estate Investment Trusts (REIT)
A Rall Estate Investment Trust is a security that uses
investors’ money to purchase and invest in managed real estate. Investors
realize many of the tax advantages of owning real estate. Instead of outright
purchase of real estate, which requires a lot of capital and makes you
responsible for repairs, upkeep and rent collection, REIT’s give you the
opportunity to pool your money with other investors, participate in a
diversified portfolio of properties, and passively receive rental income.
Since their inception, REIT’s have offered outstanding returns for investors,
and represent the easiest and most liquid way to participate in the real estate
markets. Most REIT’s payout a much higher level of dividend income than most
other investments. Many investors use REIT’s to diversify their overall
portfolios, which also contain stocks, bonds and precious metals. REIT’s are
available for rental properties, timber, commercial real estate and many other
types of real property investments.
Mortgage Life Insurance: Peace Of Mind In A Terrible Time
Death is not something that people want to think about, but
it is a reality that faces us all at some time. A lot of business is left
behind when one dies and does not take care of their affairs ahead of time.
Mortgage life insurance can keep one of those worries off the table for you. It
pays off the balance of your mortgage if you die.
The major upside to mortgage life insurance is that it takes care of this major
expense in the event of your death, and that means that those who are left
behind can have a little less to worry about in their time of grief. One must
weigh the pros and cons of purchasing the insurance and the benefits it
provides against the premiums that must be paid.