A Tax Sale is a public auction of tax deeds and/or tax liens used to recover delinquent real property taxes. The sale of the property is conducted by a government entity, such as the county or municipality in which the property is located.
2. What is Title Insurance?
Title insurance is a form of indemnity insurance that insures against financial loss from defects in title to real property. It is designed to protect against losses due to issues with title, such as liens, easements, encroachments and other claims that may reduce the value of your property or impede its use.
3. Why Do I Need It?
Title insurance protects YOU, the buyer of a property and the lender in case there are any encumbrances on the property which have not been disclosed. Without title insurance, a buyer can be saddled with the cost of unpaid property taxes from the prior owner.
