Final video in our series with Accurate Title – learning all about title insurance! This video explains why there is a buyers policy and a sellers policy – and what the difference is.
Hey guys, welcome back! Again, my name is Angela Schembri with Accurate Title, and this will be our final video of our series all about title insurance. Today I’m going to talk about the difference between a seller paying for an owner’s policy and a buyer paying for a lender’s policy, that is – if it is not a cash deal. The seller is giving an owner’s policy to the buyer stating that their property is clear and free. The buyer is paying for a lender’s policy for the lenders so that they are in first lien position. If you have any questions, my contact information is going to be below. Please feel free to reach out to me at any time. You are in the right hands with the Dani Beyer Real Estate team and I cannot wait to meet you on your next closing.
We are here for all of your real estate needs! Contact us at 816.716.5172 or [email protected] if you, or anyone you know, is looking to buy or sell!