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melomori [17]
3 years ago
13

Which of these fees is paid at the closing when a home purchase is finalized?

Business
1 answer:
sleet_krkn [62]3 years ago
8 0
<u>d.) Title insurance</u> is one of the fees that is paid at the closing of a home purchase when it is finalized.

There are two types of title insurance.
1) Lender's Policy Title Insurance - this is an insurance to assure the lender the you own the home and that the mortgage applied is a valid lien. This happens when you buy a house through bank financing.
2) Owner's Policy Title Insurance  - this is an insurance policy that protects you as the owner of the house when third party contests your ownership of the house.

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