While paying cash for a property eliminates the lender’s requirement for title insurance, it’s still wise for cash buyers to consider this protection. Title insurance helps safeguard against potential ownership disputes, fraud, or undiscovered liens. Even without a mortgage, unforeseen title issues can arise, putting your investment at risk. Purchasing title insurance ensures a thorough examination of the property’s history, offering peace of mind and financial security. It’s a prudent step to mitigate potential risks and protect your ownership rights, making it a valuable consideration for cash buyers.
