Buying a home is a big step - and many dreams about this big day! But this dream can quickly turn into a nightmare if someone surprisingly shows up at your door claiming you owe them money.

Here are three things no one tells you about buying a home that you should be aware of and how purchasing a title insurance policy can protect you from these situations:

1. You might owe someone you don’t know money

If you’re moving into a new home, you become the new owner of this property. But you also become the person who is responsible for any liens that are associated with the house! Unfortunately, if the previous owner might have been in a pickle, these debts they have doesn’t magically disappear when they sell you the home.

Luckily, this is a situation that can be avoided by purchasing a title insurance policy. The agent would be doing some preliminary research to make sure you don’t have anything of this sort happen in the future. Should something come up that wasn’t discovered by the agent at the time they conducted their initial research, your insurance would cover you.

2. You might have your fence on the neighbor's property

Believe it or not, it often happens that someone’s pool or fence oversteps on their neighbor's property because they weren’t properly aware of where the limitations of their property are. 

Again, if you have title insurance, this is something for which you can be protected should you be found guilty of trespassing on your neighbor’s property and have to swallow a hefty bill to relocate your fence or pool within your property lines.

3. Someone else may try to claim they own your home

The home you just moved into may be on someone’s will… And the person who inherits it may show up on your doorstep once the day comes to claim what they believe is rightfully theirs!

Again, title insurance can help prevent and protect you from such a thing.

If you’re looking to purchase a title insurance policy, don’t hesitate to reach out!