Escrow & Title
What is a title commitment (binder)?
AA final title insurance policy
BA preliminary report by a title company agreeing to issue title insurance subject to specific requirements✓ Correct
CA lender's loan commitment
DA binding purchase agreement
Explanation
A title commitment (binder) is a preliminary report issued before closing, identifying the property, ownership, liens, encumbrances, and conditions that must be satisfied before the title company will issue its policy.
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