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.
Real Philadelphia Wholesale Deals
Real Philadelphia Wholesale Deals
