Here to answer your real estate questions • Should I have an attorney review my proposed purchase/sale contract? Yes and No. A competent licensed realtor may very well be able to address questions and issues relative to the sale, purchase and mortgage of real property. If you have already signed a contract an attorney maynot be able to intervene and assist to change a term. Therefore, if in doubt, then hire a qualified real estate attorney to review the contract and have your questions answered prior to committing to such an important transaction. For more on this matter or other questions please contact the professional service of Closing & Title Services, Inc. at 615-859-4871, fax: 615-859-4498, or via E-mail: service@closingtitle.com. Also for additional information on services send for a title/order request or closing package via E-mail: service@closingtitle.com. Why Title Insurance Owning real estate is one of the most precious values of freedom enjoyed in this country. When you decide to buy a new home, you want to be sure the property will be yours and that no one else will have any liens, claims or encumbrances against your home other than your agreed to mortgage. Loan Policy - Lender A loan policy insures your lender's security interest against loss due to defects in your title that were not discovered at the time of sale. The loan policy offers no protection for the homeowner. Owners Policy - Homeowner Just as lenders want security with their title policy, you should protect the equity in your new home with a title policy. For a low one-time premium you can receive the protection of a title insurance policy against "hidden risks" or undiscovered interests. Ask your title agent for an owners policy. Your policy should be backed by the reserves and surplus of a reputable title insurance company.