Tag: underwriter

Average loss on a DC title policy is $639

Written by Federal Title on 2012-07-09.

A recent Demotech study may reveal yet another reason for homebuyers to obtain owner’s title insurance – especially if you are buying a home in the District of Columbia. Title insurance companies take a loss of $215 on average in Maryland...

Title insurance and known title defects

Written by Federal Title on 2011-03-11.

“Don’t worry about it – title insurance will cover it!” … This is what I keep hearing from agents when they talk to their clients about potential title insurance issues: “Don’t worry about it, you are getting title insurance –...

What is an insured closing letter and why am I paying for it?

Written by Guest on 2011-01-24.

An insured closing letter, also called a closing protection letter, is issued on behalf of a title agent (i.e., title/settlement company) by the title insurance underwriter for the benefit of your mortgage lender... In short, this letter...

Buyer beware with DC foreclosure addendums

Written by Guest on 2011-01-13.

Homebuyers of foreclosed properties in the District should think twice when signing a sales contract with release or waiver provisions in it, as it’s highly unlikely that any title insurance underwriter will agree to insure the transaction. In...

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Tag: underwriter

Average loss on a DC title policy is $639

What is an insured closing letter and why am I paying for it?

Buyer beware with DC foreclosure addendums

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