Wednesday, April 25, 2007

As a buyer, Why do I have to pay Title insurance? Isn''t that the seller's responsibility?

Wow, yes the seller's do pay insurance. The insurance they typically pay is to guarantee the title of your property to be free and clear of any liens or legal clouds that would put your right to clean ownership in jeopardy.
The buyer's insurance for title is to transfer that title to the buyer and provide the mortgagor with clean title.

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