Escrow & Title
Owner's title insurance protects against:
AFuture physical damage to the property
BPre-existing title defects discovered after closing✓ Correct
CProperty tax increases
DDepreciation in market value
Explanation
Owner's title insurance protects the buyer against financial losses from pre-existing title defects — such as undisclosed liens, forged deeds, or errors in public records — that are discovered after closing.
Related Georgia Escrow & Title Questions
- Georgia is known as an attorney closing state, which means:
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- A 'subordination agreement' in Georgia allows:
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- The '100-year floodplain' designation means the area has a:
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