I’m an lawyer. A shopper just lately offered a constructing, and, as we approached the closing, the sale had a bump as a result of there was an outdated utility invoice excellent from earlier than he purchased the property 10 years in the past. On this native municipality, utility payments are like actual property taxes; they’re a lien on the property and even have precedence over a mortgage.
https://www.washingtonpost.com/enterprise/2021/08/23/it-may-seem-like-an-unnecessary-cost-title-insurance-is-important-heres-why/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | It could appear to be an pointless price. However title insurance coverage is necessary, and right here’s why.