A lender’s title insurance policy can be purchased through your chosen title company. Title companies offer various title services, escrow services, residential and commercial closing services, and additional services to protect your investment and help you achieve a successful transition and trouble-free closing. The lender’s title insurance is paid for at the time of closing and is a one-time payment.
Is Lender’s Title Insurance Worth it?
Lender’s title insurance can protect the lender in case of issues such as title defects, fraudulent claims, liens and encumbrances, legal costs, and foreclosure protection. It can protect the lender from lawsuits related to property ownership disputes and protect against ownership claims. Lender’s title insurance can contribute to a smoother, more secure home-buying process and protect the lender’s interests.
What Are the Benefits of Lender’s Title Insurance?
Lenders title insurance can protect you from financial losses and make the process of buying real estate less stressful. It provides legal and financial protection and protects against deficits in the title that could cause severe financial losses. Lender’s title insurance can provide peace of mind for lenders and borrowers and mitigate potential risks associated with the property’s title.
Lender’s Title Insurance at Embassy Title Agency
If you need lender’s title insurance in Novi, MI, Canton, MI, Dearborn, MI, or the surrounding areas, Embassy Title Agency can help you. Our team has over 100 years of combined experience in real estate, mortgage, credit unions, and more, and we always go the extra mile to ensure our customers are satisfied. Whether commercial or residential, we always look to ensure a smooth transaction with trouble-free closing for our customers. Contact us online or call (734) 293-2000 to learn more about our services or team.