Glossary Letter: T

Title insurance is a policy that protects property buyers and lenders from financial losses due to defects or disputes in the property’s title, such as liens, encumbrances, or ownership claims. It provides coverage for legal fees and other costs related to resolving title issues that may arise after purchase.  Title insurance is essential as it… Continue reading Title Insurance

A tax lien is a legal claim placed by the government on a property when the owner fails to pay owed taxes, such as income, property, or business taxes. This lien secures the government’s interest in the property until the debt is paid off. A tax lien can hinder the owner’s ability to sell or… Continue reading Tax Lien