As a mortgage and lending company, you want to make sure your investment is protected. One of the ways you can do that is by purchasing title insurance for lenders. This is different from title insurance for buyers and sellers, as this title insurance policy protects the lender from any other claims to the property. At AllQuest Title Agency, we offer policies for both lenders and people buying or selling their home. We have relationships with the top lenders in the Cincinnati, Ohio, area to provide title insurance to lenders. With a real estate attorney on staff and serving as president, we’ve helped lenders protect their investment with title insurance for lenders.
Is It The Same Policy for Buyers and Sellers
Depending on your lending practices, you may require buyers and sellers to have their own title insurance. The two policies, one for you as a lender and one for the buyer, are different. It’s important that everyone has their own title insurance policy to protect the sale of the home.
How Long Does It Last
Title insurance for lenders lasts until the mortgage is paid off. This is only the case for the lender policy. For buyers and sellers, the policy lasts until they sell the house again. Remember, the policies for lenders aren’t the same as the policies for buyers and sellers, so make sure the new homebuyer also has their own policy.
Go into the closing process with peace of mind that no one outside of the involved parties have a claim to the property. With AllQuest Title Agency, we make sure there’s a clean title for the closing. Our years of experience have made the closing process easier for everyone involved. If you’re a lender searching for title insurance for lenders, contact AllQuest Title Agency today.
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