NLIC.org

Daryl Said:

Do I need the title to sell my car to the insurance company?

We Answered:

Yes, they will need the title. You can usually get a duplicate on the spot at a walk in DMV office

Zachary Said:

Do you need title insurance to sell real estate?

We Answered:

You need a real estate license.

What is Title Insurance? Title Insurance guarantees your right and “title” to real property.

No other property has a useful life that compares with the life of land. Owners of goods may change their location at will, but land is stationary. Because land is permanent, others may have acquired various rights in land by the time you come into possession. In order to transfer a clear title to a piece of land, it is first necessary to determine whether any rights are outstanding. Title insurance protects the owner and the lender from financial loss caused by title problems. The title insurer, without any expense to you, will defend you against any attack on the title to your property as insured. Some examples of title claims are:

* Documents signed under duress
* Documents signed by a minor
* Documents signed with invalid Power of Attorney
* Documents signed with invalid Personal Representative
* Heirs claiming interest in a property
* Documents signed without disclosing spouse
* Documents signed without disclosure of a partner
* Forged documents
* Unpaid property taxes
* Mechanic's liens