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Title insurance
Posted 01 December, 2009 by Peter L. Odom from Pegu in MyanmarCapital Authority, thanks for a most excellent site, Authority. I'm new at all this trading scene, and there is a term i didn't compass: what does title insurance mean?Capital Authority Answers:Thank you for the support. Title insurance is Insurance that covers loss of an interest in a property due to legal defects and that is required if the property has a mortgage. Most title insurance is lender's title insurance, which is paid for by the borrower but protects only the lender. Owner's title insurance is a separate policy, in some areas paid for by the seller, to protect the buyer's equity in the property. While a lender's policy only protects the lender against loss, the fact that the policy was issued reflects that a title search has taken place, which can give some assurance to the buyer. However, title searches are not 100% infallible, hence the need for insurance.Go to
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