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About the Arlington Heights, Mount Prospect and Palatine, Illinois Area 

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Real Estate Tips
Insurance >Title Insurance for Owners

If you finance your home, the lender will require you to purchase title insurance for the amount of your mortgage. You will be given the option of increasing the coverage to include your equity in the property. The owner's coverage fee is a one-time charge that protects your equity in your new home, including its appreciated value. Most experts agree that the additional coverage is a good idea.

Before your sale is finalized, the title company will inspect the public records and confirm the sellers' ownership of the property. They will look for any liens that may have been filed against the property, and that must be paid off before it can be sold. Even the most careful search, however, cannot guarantee that there was not an error at some point in the transfer of title during the chain of ownership. Title insurance is one of those things you will probably never need, but if you do, you will be very glad you have it!

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Real Estate Trivia
Q 
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?

A 
Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
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The Sue Duchek Gateway Team, REALTOR®, real estate agent and broker for Arlington Heights, Mount Prospect and Palatine, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Sue Duchek Gateway Team
Picket Fence Realty

113 S. Arlington Heights Road
Arlington Heights, IL 60005
847-454-7000
Fax: 847-394-5740
sueduchek@NUMBER1EXPERT.com


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