If you are purchasing a home with new financing, you’ll be required to purchase a lender’s title insurance policy.
This policy only insures the lender’s interest in your property against losses arising from title defects
In other words, the lender’s policy protects the outstanding balance of the mortgage for the lender, but it DOES NOT protect you or your interest in the property. To protect your interest in the property, you will be issued an owner’s policy of title insurance. This policy is paid by the seller (per contract) and mailed to you along with your recorded warranty deed after closing.
Whether you are a Realtor, Mortgage Lender, or selling your own home, we want to make the experience of closing on your home as excellent as possible.Contact Us!