The article presents a report related to the activities of title insurance companies in the United States. It includes various aspects like questionable costs, uncompetitiveness and regulations. U.S. House Representatives, Mike Oxley, Republican from Ohio, chair of the House Financial Services ...
So let’s say you’ve found your dream home, and out-of-nowhere you’re asked to pay a truck full of taxes that were not paid when due by a previous owner. In this case, your title insurance policy would cover the cost of the taxes, and protect you from any other financial loss ...
If a grantee obtains title insurance, what value, if any, is there in the covenant of seizen in a warranty deed?Insurance:Insurance is the protection of an individual from financial losses. It refers to the legal agreement among the insured and the...
Title insurance fees can cover just the cost of a title insurance policy, but that is not always the case. Often, fees for title searches and exams are combined with the cost of title insurance instead of charged separately. It’s important to note, however, that title insurance fees are ...
In addition to sectoral privacy laws, the U.S. is experiencing a massive drive toward pushing privacy legislation at the state level. That’s because the federal government hasn’t been able to find a consensus on how to legislate broadly. Rather than wait, state lawmakers have been nudged ...
The title insurer then issues aninsurance policythat guarantees the accuracy of its research. In some cases, two policies are issued: one to protect the lender (this is almost always required) and one to protect the property owner (this is optional, but can be worth getting). ...
so it’s much cheaper than things such aslenders mortgage insuranceor home and contents insurance, and it protects you against a wide range of potential problems. Additionally, while the likelihood is that you won’t have to make a claim on your policy, like all insurance, it provides extra...
If you’re having trouble finding the VIN on the car, it may be purposely concealed. However, your VIN will also be listed in yourcar insurance policy documents, as well as in your car’s title and registration. How to decode a VIN ...
there is a need for additional protection in the form of an owner’s title insurance policy. While lender’s title insurance is required for you to get your mortgage loan, owner’s title insurance, which is purchased by the seller to protect the buyer against defects in the title, is opti...
A title search confirms aproperty's legal ownershipand identifies whether there are any claims on the property. While a clean title proves sole ownership of a piece of property or land, a dirty title indicates that there is a cloud of uncertainty or discredit hanging over the property or lan...