Title Insurer

A Title Insurer is an insurer that provides a policy which provides coverage for the insured title. It can compensate the insured for real losses associated with covered issues found in the terms of the policy. For example, if there is an old mortgage on title that was never discharged and this prevents the property from being conveyed to the purchasers, the title insurance policy will take steps to remedy this situation. It also assists in streamlining the closing process (the process of the Lawyer closing the mortgage transaction), protects against fraud and forgery and is available on purchases, refinances and to homeowners who did not obtain a title insurance policy on either of those occasions.

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