But only one title matters when buying a home.Before a sale is complete, both the bank and the borrower want to be sure that the title—the formal document that shows proof of ownership—is free and clear. That means there are no delinquent taxes, unpaid liens, undisclosed heirs or other disputes that must be resolved before the house can be sold.A title search and title insurance protect both lenders and borrowers.
Source: Title Insurance: A Friend in Deed – WSJ
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