The buyer and lender are covered separately.
Mandatory lender's coverage protects the bank's investment and optional buyer's coverage is what will help protect your investment against defects in the title.
Problems with titles can vary. One type of problem is an unrecorded lien which may have been
put on the home prior to your purchase. Another problem that often occurs is an unrecorded discharge.
This means the prior deed was not recorded correctly or perhaps was not recorded at all at the Registry of Deeds.
If you're still looking for answers, check out this link - http://www.clickncompare.com/Title_Insurance/page_1777757.html
Jeffrey P. Chalmers
Sr. Mortgage Planner
Real Solutions LLC
661 Massachusetts Avenue
Arlington, MA 02476-5001
(781) 646-8430 Ph (x901)
(781) 646-8431 Fx
(866) 333-6461 Fx
(781) 859-9875 Mb
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