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Title Insurance
Real Estate Investing
Definition
The
definition of Title Insurance is:
An insurance policy that protects against losses arising from title defects such as forged or miss-filed documents. Protects lenders against loss of their interest in property due to legal defects in title. Title insurance may be issued to a mortgagee's title policy. Insurance benefits will be paid only to the named insured in the title policy so it is important that an owner purchase an owner's title policy if he desires the protection of title insurance.
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