If you have ever purchased a home, you see all kinds of fees, one of the fees you will always see if you are purchasing a home and are using conventional financing is a Title Insurance Fee. There is a state maximum fee based on the purchase price of the home for all title insurance policies, so the fear that you are being charged too much for escrow and title is not likely at all.
So what is this Title Insurance? It is basically an insurance product required by most lenders and protects THE LENDER against any deficiencies in title. If there are any problems that come up down the road, the title policy would protect you and the lender against any claims on the property. So a title insurance policy is a great way to protect yourself in case someone claims they own the property after you close escrow.
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