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TITLE INSURANCE

Title insurance, issued by the title company and which insures a homebuyer against errors in the title search and guarantees the house is free of liens. There are two types of title insurance:
 

 
 

 

 
 

A lender's policy protects the lender against loss against errors in the title search, and insures the lender first lien position on the property.

An owner's policy protects the buyer against errors made at settlement.

 
 
 
 
       

 

 

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