Mortgage Glossary
Title Insurance
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Title insurance is a one-time-premium policy that protects against losses from title defects discovered after purchase.
What Title Insurance means
It covers issues like forged deeds, undisclosed heirs, or recording errors. Florida uses a lender's policy required by the mortgage and an optional but recommended owner's policy.
Florida example
A Florida buyer's owner's title policy pays to defend their ownership if a long-lost heir later claims an interest in the home. In Florida the seller customarily pays for the owner's policy.
Related Mortgage Terms
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