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TITLE INSURANCE
Title insurance insures against loss sustained by an insured due to the condition of title being other than as insured. The beneficiaries of title insurance policies generally are real estate buyers and mortgage lenders. A title insurance policy protects the named insured against title defects, liens and encumbrances existing as of the date of the policy and not excepted from coverage. For a one-time premium, the policy remains in effect until the property is sold or refinanced.
Title Policies
EAGLE Protection Owners' Policy
Eagle Protection Owner's Policy is issued on qualifying single-family 1-4 residential units providing coverage and protection never before offered. The "Eagle" Policy is an ALTA Plain Language Owner's Policy with extended coverage including but not limited to building permit violations, post-policy forgeries, post-policy encroachment, living trust coverage and automatic property inflation coverage.
5-year, short-term rate
We give a short-term rate, that is, a substantially lower rate, if a title policy has been issued on the property within the last five years.
Binder rates for buyers planning to sell property within 2 years
We give this rate, normally to investors, if they sell the property within two years. The binder rate is the normal title rate plus 10%. At the close of the resale, the binder rate is refunded to the investor (minus the additional 10%).
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