Escrow & Title
The purpose of title insurance in Oklahoma is to:
AGuarantee future appreciation in property value
BProtect against losses from defects in title that arose in the past✓ Correct
CReplace the need for a title abstract
DInsure the physical condition of the property
Explanation
Title insurance protects the insured (lender and/or owner) against financial losses from title defects, liens, or encumbrances that arose in the past and were not discovered during the title search.
Related Oklahoma Escrow & Title Questions
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