When you buy a house, condo, or piece of land, title insurance ensures that the property is marketable. Title insurance is something that you must constantly pay for and it normally costs a few hundred dollars. For more information about title insurance, you can contact the Title insurance company in New Jersey.

When taking out title insurance, the insurance company will verify ownership of the property. The insurance company will check if the title is clear or not. "Clear" means the seller transfers ownership to you and no one else can claim ownership. 

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Title problem: You might be wondering how you got into trouble with titles. Some examples are as follows:

1. Spouse's Divorce – Divorce is inconvenient and, in some cases it is terrible. One spouse may try to sell a home without alerting the other in extremely tense situations. Both spouses must agree to the sale to have a clear title.

2. Estate Sales – When buying a house through an estate sale, there might be a lot of issues. 

3. Ingress and Egress Issues – Intellectual property rights may have technical issues related to egress and ingress. These are just some of the problems that can come up with titles. Unique problems can always arise with real estate.

When you buy title insurance, you don't have to worry about ownership issues. If there is a problem, you can contact the insurance company. Even if it means paying you for a bad title, the insurance company will make the decision.