What's the difference between.... - Posted by Sam Liuets

Real Estate Investing
1

Posted by BR on October 27, 2000 at 06:14:00:

a commitment states under what conditions title insurance will be issued ie. what must be done to clean up the title if needed

2

What’s the difference between… - Posted by Sam Liuets

Posted by Sam Liuets on October 26, 2000 at 23:38:59:

Title Insurance_______________________________________________________________________

AND

Title Commitment____________________________________________________________________

Thanks

Sam Liuets

3

Re: What’s the difference between… - Posted by NJDave

Posted by NJDave on October 27, 2000 at 05:34:14:

I’m not an expert in title insurance, but I seem to recall that title insurance is an insurance POLICY that protects the holder from loss sustained through defects in the TITLE. A DEFECT may include an unresolved claim against OWNERSHIP that prevents
presentation of MARKETABLE TITLE. A TITLE COMMITMENT is a promise by the Insuror to provide TITLE INSURANCE.