Posted on: 01st Aug, 2009 05:04 pm
One lender I was taking estimates from talked about title search would be required and that there will expenses for title insurance policy. I would like to know more about it and how much will it cost, will the lender himself do the title search.
A title search is performed to determine:
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title insurance policy protects an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters.
you are from which state? you can always negotiate for it. However in some states, the rates and fees are regulated by that state's Department of Insurance and the fees may not be negotiated
you are from which state? you can always negotiate for it. However in some states, the rates and fees are regulated by that state's Department of Insurance and the fees may not be negotiated