Title Insurance Flashcards
1
Q
Why do lenders require title insurance?
A
in order to protect themselves from risks that arise when securing a loan with a property.
2
Q
When is title insurance paid?
A
It is paid at closing
3
Q
Who regulates title insurance?
A
state agencies and the Department of Housing and Urban Development.
4
Q
What are the two types of title insurance?
A
- Lenders Insurance
2. Homeowners title insurance policies
