More than just legal advice

Why Do I Need Title Insurance when buying a home?

" Say you buy a second or investment home for cash and then record the deed the seller gave you. Thereafter, you receive a notice from the IRS that it has an income tax lien against the seller that was recorded as to this property before your deed. You would most likely be responsible to the IRS for paying off this debt owed by the seller even though you had nothing to do with this obligation. If you had received a title insurance policy as part of this closing, this IRS lien would have been disclosed and paid from the proceeds of the sale due the seller or allowed you to get out of this deal if the seller refused to honor this debt. This is just one of many scenarios where it pays to get yourself an owner's title insurance policy whenever buying real estate. "  It can alleviate major headaches and severe financial consequences