What is a title insurance policy?

A title insurance policy is a type of insurance policy used in the residential real estate process in California. It is intended to protect the buyer and lender from any potential issues related to the title of the property. The policy ensures that the title is valid and that the buyer or lender is protected in the event of any title-related disputes. When a buyer purchases a property, they have to purchase a title insurance policy that covers their ownership rights. The policy is usually paid for upfront, before the closing of the sale. The title insurance policy will guarantee that any issues related to the title are taken care of and that the sale will go through as planned. The title insurance policy also helps protect the lender in the event that the buyer is unable to pay off their loan. If the loan is in default, the lender can use the title insurance policy to recoup their losses and will not have to worry about any legal issues related to the property. Title insurance policies are important for the protection of the buyer and the lender in the residential real estate process in California. They can be expensive but are well worth the cost for the peace of mind that it provides.

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What is a title insurance policy?

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