Title Insurance

An insurance contract that protects the buyer against financial loss from defects in title to real property due to title defects, liens or other matters. Normally when a property is transferred the seller provides a title policy to the buyer at closing. If the buyer is financing the purchase, the mortgage company will require a buyer’s title policy also. This second policy protects the mortgage company from any loss from a defect in title. Also: Abstract of Title

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2017-03-13T19:40:23+00:00