Lenders title insurance Policy

Also called a mortgagee's policy, a type of title insurance policy that protects lenders against both known and latent title defects that could affect its ability to adequately secure its mortgage loan. It only covers the loan amount. Unlike other title policies, the lender's policy is assignable and has no exceptions for claims that could have been discovered with a physical inspection of the subject property. For more information, see the "Title and title insurance " article in the "Real Estate In-Depth" section.

Was this article helpful?

0 0
Real Estate 101

Real Estate 101

This book makes it easy to not only buy a home, but figure out everything that you need to do, even get a loan. In simple and easy to understand language, it talks about where you should buy a home, what to look for in a home, how to find a home, how to get an agent, how to get a mortgage and more. This is a step by step process that you, a new home buyer, can use to purchase a home.

Get My Free Ebook

Post a comment