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Nesgroup address: misc.consumers.house - Date & Time for the message: 7 Mar 2005 06:09:52 -0800 /

Author of the message: roger61611@yahoo.com

Title of the message:
Re: Title insurance- types

Text of the message:
Someone will have a much better answer but title insurance protects the
buyer, I've never heard of a lenders policy, I think there is just one
policy and it protects the buyer and by extension the buyer's lender.
Insurance covers 'flaws', like if at some point in the history of the
land or the building there was a dispute about clear title.  I have
never heard of anything that could be gained in the way of coverage
with an increase in premium.  The people doing the closing or the
lender tell the title insurance company to do the title search.  The
title insurance person does not go look at the house, they look at tax
records and the assessment and survey and stuff.  The party that
provides the title insurance is the title insurance company.
In 99% of cases title insurance is never even used or invoked, it's
just a CYA thing in case something horrible comes up that was unseen.



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