Escrow & Title
Vermont's 'insured closing service' (closing protection letter) protects against:
APhysical damage to the property during closing
BThe closing attorney's fraud, misapplication of funds, or failure to follow lender closing instructions✓ Correct
CAll closing delays
DEnvironmental issues discovered at closing
Explanation
A closing protection letter (insured closing service) protects lenders and sometimes buyers from specific acts of fraud, theft, misapplication of funds, or failure to follow closing instructions by the title insurer's authorized closing attorney.
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