This. Not sure why its not mandatory.Always get title insurance.
It only costs a couple of hundred bucks
What does this do?get a home equity line of credit from a bank
Puts a lien on the house. Can't be transfered or sold without clearing it.What does this do?
Please explain / expand.
SO like a bank line of credit?Puts a lien on the house. Can't be transfered or sold without clearing it.
Yup. Or actually use it for some repairs, pay off all but 100 bucks and pay the 5 buck a year interest payment. And you have it already in case of another emergency repair.SO like a bank line of credit?
Without taking any money out, so there is no interest to pay but it always there. And this causes a lien?