| A TITLE COMMITMENT
is a report of the preliminary search on a specific piece of property. This reports who
the title holder of record is, any type of lien or objection to the chain of title and any
easements, leases, reservations, restrictions, covenants of record, and status of
real estate taxes. OWNERS TITLE INSURANCE POLICY:
This is a policy insuring the new owner he/she/they have a clear title subject to what is
shown in Schedule B, i.e., easements, restrictions, etc., for the policy. This is normally
paid for by the seller and furnished to the new buyer.
MORTGAGES TITLE INSURANCE POLICY: This
is a policy insuring the lender of a first (second, third, etc.) Mortgage, subject to what
is shown in Schedule B, i.e., easements, restrictions, etc., of the policy. This policy is
normally paid for by the borrower. If written when the owners policy is the cost is
considerably less than the cost of the owners policy. |
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Online Title Insurance Order Form (HTML)
Title Insurance Order Form (PDF)
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