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With a "one-time premium", you have an Owner's
Policy of Title
Insurance that protects you as long as you own
your home against
the above and more.
The title company will, hire an attorney to
defend your interest if
necessary, and seek effective remedy of the
claim.
WITHOUT, you are left to hire your own attorney
in hopes they will prove that your title was
clear. You are not only left paying a
hefty
legal bill, but you may also lose your home. |