Insured Closing Letters: What Attorneys Need to Know

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Title insurance is a common form of protection for mortgage lenders and borrowers alike, but relatively few people know about and understand insured closing letters. Insured closing letters offer lenders additional and invaluable protection against loss or damage caused by escrow defalcations. This article discusses the types of errors, omissions and losses that are generally covered by insured closing letters.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Mark Epstein, Wendel, Rosen, Black & Dean LLP | Attorney Advertising

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