Buying a short sale can look like a great opportunity if you are looking to buy a property at a reduced price. However, a short sale often comes with a number of disadvantages. The process of buying a short sale is much more complicated as compared to buying just any property.
As the name suggests, title insurance is the insurance on the title of your property. It is a form of indemnity insurance that keeps the owner of a property safe from the financial loss they may have to bear in case there are defects in the title of the property. Title insurance is usually purchased when you go and get a mortgage.