Share this on:
About this iReport
  • Not verified by CNN

  • Posted August 16, 2014 by
    west hollywood, California

    More from BrunoPisano

    Title insurance protects buyer from later claims on property


    Title insurance is insurance that protects a real estate buyer and sometimes a lender from later financial claims on that property.


    Title insurance is common in the United States. The first title insurance was issued in Philadelphia in 1876. Title insurance companies are now found in all states, all major cities and many smaller cities.


    Today, title insurance protects people who invest in real estate from legitimate and false claims. Legit claims are things like mortgages and liens that a title search did not find. False claims are a much bigger problem.


    A false claim can be just about anything. Crimes like ID theft and fraud are leading people to make false deeds and mortgage claims on property as an easy way to make fast money.


    It may sound impossible, but it happens every day. Real estate title fraud just doesn’t grab headlines the same way identity theft does. Title fraud sometimes has to go through civil court to be settled, which means the media doesn’t give it as much attention.


    Further, getting criminal charges pressed in a title fraud case is often difficult.


    Title insurance protects you from these criminals by providing legal defense against their claims.


    If it happens that a claim is legitimate, title insurance will also pay off the claim.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.


    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story