Escrow & Title
An owner's title insurance policy in Maryland protects:
AThe lender's interest only
BThe buyer/owner's interest✓ Correct
CBoth the lender and the owner under one policy
DThe seller after closing
Explanation
An owner's title insurance policy protects the buyer/owner's equity. A separate lender's policy (mortgagee policy) protects the lender.
Related Maryland Escrow & Title Questions
- The ALTA/ACSM land title survey provides:
- In Maryland, the title to real property is transferred by delivering a:
- In Maryland, if a seller has an existing mortgage at settlement, the proceeds are used to:
- A general warranty deed in Maryland provides the grantee with:
- A 'gap' in the title in Maryland refers to:
- A lis pendens recorded in the Maryland land records provides notice that:
- Maryland is considered an 'attorney state' for real estate closings, meaning:
- In Maryland, a deed of trust is used instead of a traditional mortgage in some transactions. The primary difference is that:
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