What Is Title Insurance?

This question is about Real Estate Purchase Agreement

What Is Title Insurance? on iPropertyManagement.com

Title insurance is a form of insurance required by most banks or lending institutions in order to get a mortgage—the lender will pay the insured party for any loss suffered in the event that there is a defect in the title that voids the buyer’s title to the property.

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The information for this answer was found on our Real Estate Purchase Agreement answers.