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2055 W. Army Trail Road Suite 110, Addison, IL 60101 Phone: (630) 8894000 Fax: (630) 6297565 CLOSING PROTECTION LETTER REQUEST DATE: FROM: PHONE: TIME SENT: COMPANY: FAX: FINAL LENDER INFO LENDER
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How to fill out closing protection letter request

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How to fill out a closing protection letter request:

01
Begin by gathering all necessary information for the request, including the name of the insured party, property address, and relevant loan information.
02
Open a blank document or locate a closing protection letter request form provided by the insurance company or lender.
03
Fill in the necessary information, such as the insured party's name, address, and contact information.
04
Provide details about the property, including the address, county, and legal description if available.
05
Include any relevant loan information, such as the loan number and lender's contact information.
06
Indicate the desired effective date of the closing protection letter.
07
Check if any additional information or documentation is required by the insurance company or lender, and make sure to include it in the request.
08
Double-check the completed request form for any errors or missing information.
09
Save a copy of the completed closing protection letter request for your records.
10
Submit the request to the appropriate insurance company or lender, following their preferred method of submission.

Who needs a closing protection letter request:

01
Real estate buyers: Any individual or entity purchasing a property with a mortgage or loan may need to request a closing protection letter to ensure they are protected against certain title issues.
02
Mortgage lenders: Lenders offering financing for real estate transactions often require a closing protection letter for added protection against potential losses related to title defects or other closing issues.
03
Title insurance companies: Title insurance companies are typically the entities responsible for issuing closing protection letters. They need a written request from the insured party or lender in order to provide this additional coverage.
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A closing protection letter request is a document that is typically prepared by an attorney or title company to protect against the risk of financial loss due to fraud or error in a real estate transaction.
The attorney or title company involved in the real estate transaction is typically required to file the closing protection letter request.
The closing protection letter request should be filled out with the necessary details of the real estate transaction, including information about the parties involved and the property being sold.
The purpose of the closing protection letter request is to provide protection against financial loss in case of fraud or error during the real estate transaction.
The closing protection letter request must include details such as the names of the parties involved, the property address, the purchase price, and any other relevant information.
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