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what is...
TITLE INSURANCE
A policy that insures a home buyer against errors in the title search (Owners Title Insurance). The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller. Policies are also available to protect the lender's interests (Lenders Title Insurance).
ALSO SEE: REFERRAL FEES

    Courtesy of the Mortgage Glossary
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