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TITLE INSURANCE OVERVIEW November 16, 2017 9 a.m. Eastern Presented by: Jessica MullenInstructor Jessica Mullen Licensed Title Insurance Agent Jessica Mullen is President of CREATE Land Transfer Solutions,
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How to fill out title insurance overview

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How to fill out title insurance overview

01
Step 1: Obtain the title commitment document from your title insurance company.
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Step 2: Review the title commitment document to understand the property's ownership history, any liens or encumbrances on the property, and any exceptions to the title insurance policy.
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Step 3: Analyze the title commitment document and identify any issues or concerns that may affect the property's marketability or insurability.
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Step 4: Conduct a thorough examination of the public records, including property records, tax records, and court records, to verify the information provided in the title commitment document.
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Step 5: Prepare a detailed summary of the title commitment document, including a clear and concise explanation of each item listed.
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Step 6: Present the title insurance overview to the relevant parties, such as the property owner, lender, or real estate agent, and address any questions or concerns they may have.
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Step 7: Make any necessary revisions or updates to the title insurance overview based on the feedback received.
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Step 8: Finalize the title insurance overview and distribute copies to all parties involved in the real estate transaction.
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Step 9: Keep a record of the title insurance overview and related documents for future reference or auditing purposes.

Who needs title insurance overview?

01
Homebuyers: Those who are purchasing a property may need a title insurance overview to understand the property's ownership history and any potential issues that may impact their ownership rights.
02
Lenders: Financial institutions providing mortgages or loans may require a title insurance overview to assess the property's marketability and ensure their investment is protected.
03
Real estate professionals: Real estate agents, brokers, and attorneys may need a title insurance overview to provide accurate information to their clients and facilitate smooth real estate transactions.
04
Property owners: Individuals who already own a property may seek a title insurance overview to verify their ownership rights and address any concerns or disputes.
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Title insurance overview provides a summary of the title insurance policy and coverage for a property.
The property owner or the buyer of the property is required to file the title insurance overview.
Title insurance overview can be filled out by providing details of the property, policy number, coverage, and any claims filed.
The purpose of title insurance overview is to provide a concise summary of the title insurance policy for easy reference.
Information such as property details, policy number, coverage amount, and any claims filed must be reported on title insurance overview.
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