Lender’s Title Insurance
What is lender’s title insurance?
If you are involved in the transaction of a residential or commercial property, you need to know about lender’s title insurance. This type of insurance protects your lender against problems with the title to your property. However, lender’s title insurance only protects the lender against problems with the title. In order to protect yourself, you might want to consider purchasing owner’s title insurance.
Why do I need lender’s title insurance?
There are several common occurrences in a residential or commercial property transaction that could result in losses for the owner or lender. These include:
- A mistake in prior deed
- An outstanding ownership claim
- A hidden lien
- Outright fraud.
Title insurance can help cover these and many other losses.
How We Can Help
At One Closing Source, we help guide lenders, realtors, sellers, and buyers through the real estate transaction process. We specialize in real estate law and know exactly how to help with any of your real estate legal concerns. If you have any question about the process, or about lender’s title insurance claims, give us a call today at (770) 799-6333.