Escrow & Title
A title insurance owner's policy protects:
AThe lender against borrower default
BThe buyer against title defects and claims that arose before the date of closing✓ Correct
CThe seller from lawsuits by the buyer after closing
DThe escrow company from errors in the closing statement
Explanation
An owner's title insurance policy protects the buyer (and their heirs) against losses arising from title defects, liens, encumbrances, or adverse claims that existed before the date of the policy but were not discovered in the title search.
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