Friday, June 17, 2016 - Article by: Prospect Financial Group - Prospect Financial Group, Inc. -
What is it?
Title insurance is insurance that protects you against claims made against your home. In the case that your home is not properly recorded with the city or county, the seller's loan was not properly paid off, an undisclosed prior mortgage was not paid at closing, or for any other reason: you're covered. It is required that the borrower buy title insurance for the lender, though it is not required that the borrower by title insurance for themselves.
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