The Birth of Title Insurance

How did Title Insurance come to be?

It began in 1868. In Philadelphia, a land sale showed the necessity of having more protection than the examination
of public records would provide. Before the sale, a title search disclosed an old judgment against the land. But the
buyer's attorney advised that it was not a valid lien, and the sale was completed.  Shortly afterward, however, the
lien was allowed by the court, and the property was sold at a sheriff's sale. As a result of the loss, real estate attorneys
decided to do something to protect innocent investors. They created title insurance, and before long it was used
all over the U.S.

.....a little history for you....

Maria Suzette Smith
http://www.elitetitleonline.com
elitemd@yahoo.com