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LSDefine

Simple English definitions for legal terms

title insurance

Read a random definition: C.T.A.

A quick definition of title insurance:

Title insurance is a type of insurance that protects people who buy real estate from problems with the ownership of the property. When someone buys a property, a company checks to make sure that the person selling it really owns it and that there are no problems with the ownership. If there are no problems, the company provides insurance to cover any problems that they might have missed. The buyer usually pays for this insurance when they buy the property. If the buyer is getting a loan to buy the property, the lender might require the buyer to get title insurance. Sometimes, people have problems with their title insurance and need to go to court to figure out what is covered. It is important to make sure that the company checking the ownership of the property is trustworthy and that the insurance covers the value of the property.

A more thorough explanation:

Title insurance is a type of insurance that protects homebuyers from any issues with the title of the property they are purchasing. When someone buys a property, they want to make sure that the title is clear and free of any liens or claims that could affect their ownership. A title search is conducted to ensure that there are no issues with the title, and if there are, title insurance can provide coverage for any missed issues.

For example, let's say that John is buying a house from Jane. Before the sale is finalized, a title search is conducted and it is discovered that there is a lien on the property from a previous owner. John purchases title insurance, and if the lien was missed during the title search, the insurance will cover the cost of resolving the issue.

It's important to note that title insurance is typically paid for by the buyer as part of the closing costs. If the buyer is using a loan to purchase the property, the lender may require the buyer to purchase title insurance in the lender's name.

Overall, title insurance provides peace of mind for homebuyers and protects them from any unexpected issues with the title of their property.

title company | Title IX

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texaslawhopefully
22:30
@KnowledgeableRitzyWasp: That all sounds great. It sounds like it has fairly diverse cuisine for a smaller city
KnowledgeableRitzyWasp
22:31
yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
Eggan
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
KnowledgeableRitzyWasp
22:32
^^^^ truuuuuu
Eggan
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
Eggan
22:32
personally i think taste of thai is better than taste of thai express but thats just me
KnowledgeableRitzyWasp
22:32
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
Eggan
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
KnowledgeableRitzyWasp
22:35
damn im so hungry all i had today was a curry tonkatsu and buldak
KnowledgeableRitzyWasp
22:35
and it was a lil baby noodle cup
KnowledgeableRitzyWasp
22:35
vvv hungry
Eggan
22:36
curry tonkatsu so yummeh
Eggan
22:36
whats even open rn? pizza?
KnowledgeableRitzyWasp
22:36
CTB is it i think
Eggan
22:37
is collegetown pizza not open
Eggan
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
KnowledgeableRitzyWasp
23:02
ross ulbricht tried to hire a hitman to kill 5 people
KnowledgeableRitzyWasp
23:02
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
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