You are probably familiar with title insurance, as mortgage lenders require it to insure your mortgage if you’re in the market for a home. However everyone understands why title recommendation is desired or required. We’ve got you covered.
What’s Title Endorsement?
“Title endorsements increase the protection of the standard owner’s title insurance coverage, frequently either by eliminating exceptions into the policy that is standard with the addition of protection certain to the property’s situation, ” describes Elizabeth Whitman, attorney-at-law with Whitman Legal possibilities in Potomac, Maryland.
While a standard policy will drive back numerous typical name dilemmas, such as recorded liens not noted on the insurance policy, errors into the deed and fraudulent deeds, name endorsements cover more specialized issues, she says.