Q: We are buying our first home and are stretching our savings to pay for the down payment and closing costs, not to mention the moving expenses. Our lender sent us our closing cost estimate, which showed that “Owners Title Insurance” was optional, even though we were required to purchase “Lenders Title Insurance.”  What is the difference, and why do we even need it, let alone both types?

Topics:  owners title    lenders title    what    duane   title   based   board-certified    title   i   insurance   pro   real estate   purchase   home   covers   loan   check   payment   coverage   cost   lawyer   
BING NEWS:
  • Ask a real estate pro: Why do I need two types of title insurance?
    If there is a problem, the title insurer will fix it, usually by hiring attorneys on your behalf or by writing a check.
    01/8/2025 - 7:39 pm | View Link
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