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Title Opinion Letter  Form

Title Opinion Letter Form

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Instructions and help about Title Opinion Letter

[Music] when your clients come to closing and they are getting a loan on their transaction they are seeing multiple costs for title policies many buyers and sellers do not understand that there are typically two types of title insurance policies that are being issued an owner's title policy and a lender's title policy as of recent people have been paying a pretty penny for their houses but are now wanting to cut costs where they can and avoid the cost of insurance policies by just getting a title opinion from an attorney it is important that you all understand the difference between the title policies and a title opinion both title policies are protection to the insured if there is a defect in title as is the case with any insurance policy a policy of title insurance is a contract between the insured and the insurer the lender's title policy is for the amount of the loan the policy expires when the loan is paid and off in the four-year statute of limitations for

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