I just learned that if you transfer title to a new owner by way of a quit claim deed or special warranty deed that you may loose your title policy. If you are taking title by any of these means, you may want to consider purchasing a new policy from a title company. Just because a title search is clear today doesn’t mean that something can’t pop up in the future. One title issue could wipe you out.
For more information on Real Estate go to GetPrequalified.com .
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