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Main Street Abstract Company
Title Insurance in Southeastern PA including Bucks, Montgomery, Chester, Delaware and Philadelphia County
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FREQUENTLY ASKED QUESTIONS (FAQs)

Our Principals - Wally and Allen What is Title Insurance?

Title Insurance is smart business and is a requirement of all real estate lenders. The buyer pays a one-time fee to insure his real estate ownership regardless of the prior ownership history of the property. Title Insurance protects you against past claims and title faults. It makes your home safely yours. Your title insurance policy is your shield of protection and will defend your ownership against loss. You pay one premium only - your protection and peace of mind last as long as you and your heirs remain in ownership.

Why Do You Need It?

Any home, no matter how new or apparently secure, is built on land as old as the earth itself. Undoubtedly this land has had many previous owners. Claims against any one of these persons can be filed against the property and against you as the present owner. Such hazards as fraud, missing heirs, old liens and many others can, and often do, arise like ghosts out of the past.

Do I Still Need Title Insurance if only Refinancing?

We get asked this question all the time, and the answer is yes, each time you refinance. Your new mortgage lender will require title insurance. However, the Pennsylvania Insurance Department will allow a discount if your refinance takes place within 0-4 years after prior insurance.


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