Title insurance is:

a. not required by lenders

b. frequently purchased years after the home purchase

c. unusual outside the United States

d. not important in avoiding ownership disputes

Question

Manuel Jackson

Social Studies

2 May, 13:13

Title insurance is:

a. not required by lenders

b. frequently purchased years after the home purchase

c. unusual outside the United States

d. not important in avoiding ownership disputes

+2

Answers (1)

Know the Answer?

Cason Solomon · Answer 1

The answer is letter B.

Title insurances are usually purchased years after the home purchase. This ensures the buyer that the land title they are claiming is free of any financial liabilities or losses. This type of insurance is commonly practiced in the US and also in other foreign countries like Japan, Korea, Mexico, among others.

Title insurance is:a. not required by lendersb. frequently purchased years after the home purchasec. unusual outside the United Statesd. not important in avoiding ownership disputes

Title insurance is:

a. not required by lenders

b. frequently purchased years after the home purchase

c. unusual outside the United States

d. not important in avoiding ownership disputes