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05-24-2012, 09:50 PM
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Gold member
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Join Date: Oct 2011
Location: Mobile, Alabama; Pensacola, FL; Gulf Breeze, FL
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Quote:
Originally Posted by Ohiogirl
If you have a mortgage, the bank will normally require you to buy a lender's title insurance policy, which only protects them - the lender, from defects in the title. Optionally, whether you have a mortgage or not, you can elect to purchase an owner's title insurance policy, which protects you, the owner.
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Ditto.  From my 40 years experience as a real estate broker.
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