What is the difference between a title search and a title insurance policy?

A title search and a title insurance policy are two legal documents related to residential real estate law in Alaska. Both documents are important when it comes to protecting a homeowner’s interest in a property. A title search is a document that is used to research a property’s ownership history. It looks into the past owners of the property and any liens, mortgages, and other claims that another party may have against it. This document helps ensure that no one else has a claim to the property and that it is truly free and clear of any disputes. A title insurance policy is a document that is used to protect the owner from any legal challenges to the property after purchase. It usually covers any legal costs associated with defending against any claims of ownership. It also covers any costs to repair any records or other issues that may arise after the title search. This document helps protect the investment of the homeowner and gives them peace of mind if there are ever any legal issues with the property. In conclusion, a title search and a title insurance policy are two legal documents related to residential real estate law in Alaska. A title search looks into the past owners of the property and any liens, mortgages, and other claims that another party may have against it. A title insurance policy protects the owner from any legal challenges to the property after purchase and covers the legal costs associated with defending against any claims of ownership.

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What is the difference between a title search and a title insurance policy?

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