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TITLE INSURANCE IN REAL ESTATE
First Run Broadcast: November 8, 2011
1:00 p.m. E.T./12:00 p.m. C.T./11:00 a.m. M.T./10:00 a.m. P.T. (60 minutes)
For many, title insurance plays a mysterious role in
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What is title insurance in real?
Title insurance is a type of insurance that protects the buyer or lender against any loss arising from disputes over ownership of a property.
Who is required to file title insurance in real?
Title insurance is typically required by lenders when obtaining a mortgage loan. However, it is also highly recommended for buyers to protect their investment.
How to fill out title insurance in real?
To fill out title insurance, you will need to provide detailed information about the property, current owner, and any previous owners. This information is usually obtained through a title search conducted by a professional title company or attorney.
What is the purpose of title insurance in real?
The purpose of title insurance is to protect the buyer or lender from any unforeseen issues with the property's title, such as liens, encumbrances, or undiscovered ownership claims. It ensures that the buyer receives clear ownership and provides a guarantee against financial loss.
What information must be reported on title insurance in real?
Title insurance typically requires reporting information about the property's legal description, current and previous owners, any outstanding liens or mortgages, and any known issues or claims on the title.
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