Escrow & Title (alternative)
Maryland title companies typically issue which two types of title insurance policies?
AStandard and premium policies
BLender's (mortgagee) policy and owner's (mortgagor) policy✓ Correct
CShort-term and long-term policies
DResidential and commercial policies only
Explanation
Title companies issue a lender's (mortgagee) policy protecting the lender's interest and an owner's policy protecting the buyer's interest. Both are typically issued at closing in Maryland.
Related Maryland Escrow & Title (alternative) Questions
- In Maryland, which type of deed would a trustee use to convey property after a foreclosure sale?
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