A lender’s policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender’s interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender’s interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner’s policy.
~Courtesy of Frontier Title Group, LLC
For further clarifications, questions, answers
or a free no obligation quote call or email
Frontier Title Group, LLC at 1-800-330-5580 or
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