77 Ways to Lose Your Home

77 Ways to Lose Your Home

Wait. Say what? Yes, you read that right! Buying a home is one of the best ways to build wealth, but it can also be easily taken away if you don’t protect yourself. First American Title Insurance Company complied 77 ways to lose your home and you may be surprised at some of the examples:

• Deed affecting land in judicial proceedings (bankruptcy, receivership, probate, conservatorship, dissolution of marriage), unauthorized by the court

• Deed executed under expired power of attorney (death, disability,or insanity of principal).

• Deed recorded, but not properly indexed so as to be locatable in the lands record.

• Errors in tax records (mailing tax bill to wrong party resulting in tax sale, or crediting payment to wrong property).

• Deed to land with improvements encroaching upon land of another.

These are just a few of the 77 ways to lose your home that you worked so hard to obtain! But, by having title insurance with a reputable company, you can protect yourself from hidden risks and the errors of others.

Want to see the entire list? Contact your Loudoun County Real Estate experts at Ask Gina & Company at info@ask-gina.com  with “title insurance” as your subject line and we would be happy to send you a copy!