What does an Owner's Title Insurance Policy look like?

Question

I am refinancing and my lender is asking for my Owner's Title Insurance Policy which should be in my original loan package. Well...I'm looking through a hundred documents and nothing is titled "Owner's Title Insurance Policy." Does anyone know what this document should look like? Maybe it goes by a different title...

Answer 1

it would not be with your original loan package. it is sent later by the title insurance company associated with your loan. if you call your lender and ask for the title officer's contact info, they will be able to provide you with a copy of the owners policy. your lender should already know how to do this themselves, and i've never heard of requiring a copy of the current owner's title insurance policy anyway.

Answer 2

You no doubt got a "binder" at your closing. Some Title Companies are really lax in sending out the policies after the sale. Look on your closing statement (also called the HUD statement) and see where the money was disbursed out for your policy. It will list the Title company by name. Then contact them for a copy.

And I've never heard of a mortgage company asking for it either, unless they need it for the legal description. And they can get that off the deed.

I hope this helped.

Answer 3

you won't be able to "collect" on his coverage. you could report the declare, and because there is no valid beneficiary, then his supplies would be paid - and it will could desire to bypass by way of probate court docket. there is no 'dibs' on existence coverage, and in maximum situations, you won't be able to "inherit" it, or inherit a beneficiary place. given which you weren't named, flat out, you will no longer gets a commission. the suitable case, is his supplies will gets a commission, you will ought to bypass to court docket to be named administrator, and use the money to pay off his money owed, all of them, until now ANY the rest may be dispensed to his heirs, as in accordance with the regulations on your state. that's why you at the instant are not getting everywhere - given which you won't be able to swoop in and collect.

Answer 4

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