Title insurance is a critical component of real estate transactions, providing protection to both buyers and lenders against potential title defects and legal issues that may arise in the future. In New York State, like in many other parts of the United States, one specific type of title insurance is the Owner's Policy. In this article, we will delve into the specifics of the Owner's Policy of title insurance in New York State, discussing its purpose, coverage, the role it plays in real estate transactions, and the regulations that govern it.
Purpose of Owner’s Title Insurance:
In New York...
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