Title insurance can benefit either the payor or the payee. Should the beneficiary suffer any damages due to clouded or false title to real estate, title insurance recompenses the damaged party to the extent of the damages.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Title Insurance
Business Loans Glossary: Title Insurance
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Article Id: 147 - Version: 3 - Created: 26-02-2008 - Last Updated: 26-03-2008 - Hits: 459
Categories: Glossary
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