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Disclaimer
A lender’s title insurance policy does not protect you. Similarly, the prior owner’s policy does not protect you. If you want to protect yourself from claims by others against your new home, you will need an owner's policy. When a claim does occur, it can be financially devastating to an owner who is uninsured. If you buy an owner's policy, it is usually much less expensive if you buy it at the same time and with the same insurer as the lender's policy.
Buying And Financing a Home
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Table of Contents
Role of the Real Estate Broker
Terms of the Agreement of Sale
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Processing
Your Loan Application
RESPA
protection against illegal referral fees Consumer Guides -
Source:
U.S. Department of
Real Estate - Pardee Homes
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