Title insurance serves as a crucial safeguard, benefiting both homeowners and lenders by offering protection against legitimate or false claims made by previous property owners or lien holders. While many issues, referred to as "defects," are typically resolved before closing, title insurance offers an additional layer of security for unforeseen challenges that may arise post-closing. Alongside this, escrow services play a pivotal role in ensuring the secure transfer of funds and accurate ownership transfer during the closing process.