Winnipeg Couple Ordered to Pay More than $100,000 in Repairs to get their Home up to Code - Title Insurance Covered It!
Video Link: $100,000 In Repairs Video Covered By Title Insurance
Most lenders would usually require a purchaser to purchase title insurance as one of the conditions/requirements for advancing a mortgage loan. A lot of people do not understand the exact purpose for this insurance, and what it actually covers post the completion of a property purchase.
Well it turns out, it covered this couple’s $100,000 real estate property deficiency repair bill.
A full video clip of this story can be seen above on the attached CTVNews link.
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