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Title insurance
Why do clients have to buy a title insurance?
WHat does it cover?

Title insurance is mandatory and insures the title to the property against any liens or defects in the title. Title insurance is paid by the mortgage loan borrower and insures the title against any clouds in the title or defect in the title. Mechanics liens, judgments, and any other liens on the title that might exist but not recorded is insured through the title insurance company. The mortgage lender does not want any defects on title and wants to be in first position with a clean title to the property.

You may find this article useful. It describes what title insurance is, what it covers, and how much it typically costs.

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