Escrow & Title
A lender's title insurance policy in New Jersey protects:
AThe buyer's equity in the property
BThe lender's interest up to the mortgage balance✓ Correct
CThe seller against post-closing claims
DThe real estate broker
Explanation
A lender's (mortgagee's) title policy protects only the lender's interest in the property. A separate owner's policy must be purchased to protect the buyer's equity.
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