Question

A fee that covers the cost of ensuring that the home belongs to the seller, and may also include title insurance, which protects the lender against an error in the title search is called a _____. A. appraisal fee B. processing fee C. title fee D. points

Answer 1

C. Title Fee

The company will perform a title search to ensure that there is a clear path of ownership so there can be a legal sale contract.

Answer 2

Answer:

Title fee ( C )

Explanation:

This fee covers the cost of ensuring the house been bought belongs to the seller and also covers title insurance. these fees covers several payments that will be made when a purchaser is trying to purchase a home or expenses incurred by the seller when trying to sell a home.

This title fees is usually paid at the conclusion of the deal by the party involved it is followed by the exchange of the property title from the former owner to the current owner( buyer ) of the property.

An appraisal fee is a legal fee paid to an Estate evaluator to help estimate the worth of a property in the market.this fee can be a percentage of the actual cost of the property as well.