The Birth Of Title Insurance

by Joe Thomas on January 1, 2012

The birth of title insurance
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.

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