Ernest M. asked

⚖️  Law

I am purchasing a house and noticed a 'title-owner pol(optional) = $1,513' charge on the closing disclosure. The lender explained it is for investigating if the property has a lien or another person's interest or ownership. Is this charge my responsibility to pay, and is it mandatory or optional for me to have it?

November 23rd, 2024

Craig S. answered

The charge you noticed is likely for an owner's title insurance policy, which is typically recommend...

November 23rd, 2024

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