Ensures that the title to your home is legitimate (validating that you are in fact purchasing the property from someone who has the legal right to sell the property) and then issues title insurance for the property to protect you and
the lender against legal claims or disputes over the title.
Ensures that the title to your home is legitimate (validating that you are in fact purchasing the property from someone who has the legal right to sell the property) and then issues title insurance for the property to protect you and
the lender against legal claims or disputes over the title.
Not exact matches
Bear in mind that more than one missed payment can allow the
lender to
claim the whole debt and take
legal action
against you.
Homeowner's insurance protects
against the risk that the home is damaged or destroyed, while title insurance protects the
lender against the risk of
claims against the borrower's
legal right to the property.
Closing Disclosure statement - details all funds changing hands between the buyer and seller Truth in Lending statement - a final summary of the terms of your loan Mortgage note - a
legal obligation to repay the
lender according to stated terms Deed of trust - the
legal transfer of ownership; gives the
lender a
claim against your home if you fail to meet the terms of the mortgage note Affidavits - any binding statements by the buyer or seller Riders - any contract amendments that impact your rights Any additional documents required in your state