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Do I need title insurance?
The lender will check the title to the property to make sure there are no outstanding
liens or title problems. The lender requires, and sometimes will arrange for,
title insurance to protect the property against unforeseen problems. This is called
a “lender’s” title insurance policy. You may want to obtain title insurance to
protect your own interest in the property. This is called an “owner’s” title insurance
policy. These policies ensure that your property is free and clear of any title
defects, claims or encumbrances.
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