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For lenders, a mortgagee title insurance policy protects the lender from a loss incurred, up to the loan amount, in financing a piece of real estate resulting from an invalid or inferior lien position. A mortgagee title insurance policy allows the lender to originate...
Title insurance is an insurance policy that covers the insured party against losses, up to the policy amount, resulting from disputes over the rightful ownership of a piece of real estate property. No title company can guarantee that a purchaser of real estate...
STEP 1: Starting the Process A purchase contract is signed by the buyer and seller and delivered to the closing agent, along with earnest money (check). The escrow is accepted by the escrow agent, often by written notation on the contract. The escrow agent starts the...