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catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

What are benefits of title insurance?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

It helps the lender to protect him/her self, if ther is any issuw with the title.
Title insurance is a type of insurance against any tyep of financial loss from defects in title to real property. Title insurance can be purchased in order to insure any interest in real property such as lease, easement or life estate. Lenders would require a title insurance policy in order to protect their interest in the collateral which is used to secure the loan, that the property

marklavender1 · Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)

one of its benefit is that Title insurance provides protection against loss or damage incurred by owners and lenders in many title fraud situations

dollylee9 · Joined: 19 Jul 2009 Posts: 63 -0.14 Dollars($)

Lender willprovide attorney for you for title search and clear it. As you are eligibale for loan and approved then ths process starts. The lender will require you to purchase a Mortgage Title Insurance Policy for their protection.

The search included -

1)Public records for previous deeds.
2)Mortgages.
3)Certified judgements.
4)Taxes.
5)Assessments and levies.

The agent then issues the Mortgage Title Insurance Policy

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

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