Q: Why do I need title insurance if my title has been examined?

When a property is sold in South Carolina, the abstractor must meticulously searches the land records for any title defects. However, it is impossible to know that every deed, mortgage or judgment affecting the property has been properly filed, whether all signatures are valid, or whether a previous owner or his heir still has a claim to the property. If a title defect is found and you don’t have title insurance, you could lose your property and your investment.

Posted in: Real Estate