[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.grossmcginley.com\/resources\/blog\/why-do-i-need-title-insurance\/#BlogPosting","mainEntityOfPage":"https:\/\/www.grossmcginley.com\/resources\/blog\/why-do-i-need-title-insurance\/","headline":"Why Do I Need Title Insurance?","name":"Why Do I Need Title Insurance?","description":"Title insurance protects you from any attacks against your ownership rights to real estate. Because the law […]","datePublished":"2017-06-22","dateModified":"2021-07-13","author":{"@type":"Person","@id":"https:\/\/www.grossmcginley.com\/resources\/author\/stuart-shmookler\/#Person","name":"Stuart T. Shmookler","url":"https:\/\/www.grossmcginley.com\/resources\/author\/stuart-shmookler\/","identifier":22,"image":{"@type":"ImageObject","@id":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2021\/02\/Stuart-T-Shmookler-150x150.jpg","url":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2021\/02\/Stuart-T-Shmookler-150x150.jpg","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Gross McGinley, LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2017\/10\/logopng-00436945-e1531508982151.png","url":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2017\/10\/logopng-00436945-e1531508982151.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2014\/05\/why-do-i-need-title-insurance.jpg","url":"https:\/\/www.grossmcginley.com\/wp-content\/uploads\/2014\/05\/why-do-i-need-title-insurance.jpg","height":800,"width":800},"url":"https:\/\/www.grossmcginley.com\/resources\/blog\/why-do-i-need-title-insurance\/","about":["Blog"],"wordCount":285,"keywords":["Real Estate","Real Estate Law"],"articleBody":"Title insurance protects you from any attacks against your ownership rights to real estate. Because the law considers real estate unique \u2013 no two pieces are exactly alike in contrast to something like white, Subaru Legacies \u2013 special rules apply only to real estate.\u00a0 Also, real estate, like your\u00a0home, is likely the\u00a0largest personal investment you will make. So to protect mortgage companies and for other reasons, a register of owners and claims against real estate property is filed for all to see. \u00a0To ensure that you \u00a0buy a house without any claims against it or you, public records are searched by a specialist known as a Title Searcher.The title searcher issues a written report which the title agent uses to issue a Title Commitment which provides for conditions to be satisfied at settlement, also called closing. The title agent conducts closing by preparing the closing documents, collecting the purchase money from buyer and buyer\u2019s lender, paying off any existing mortgages or other liens, and disbursing the balance to the seller. When complete, the title agent issues the title insurance policy to the buyer and buyer\u2019s mortgage company.In Pennsylvania, as in most states, title insurance is a regulated industry. Therefore, the one-time premium paid at closing is the same no matter which title agent you use. At Gross McGinley, our title agents are also experienced real estate lawyers so you receive the benefit of both. Our goal is to make your experience is as pleasant as possible while protecting your rights in your new purchase.Attorney Stuart Shmookler is an experienced real estate attorney and title agent. For more information about our residential real estate and title insurance services, contact us at 610.820.5450."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Resources","item":"https:\/\/www.grossmcginley.com\/resources\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.grossmcginley.com\/resources\/\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Why Do I Need Title Insurance?","item":"https:\/\/www.grossmcginley.com\/resources\/blog\/why-do-i-need-title-insurance\/#breadcrumbitem"}]}]