Did you secure a mortgage to purchase property in Inverness, Florida? Lenders require for buyers to obtain a lender’s title policy to protect their mortgage lien if there’s an issue with the title. Fidelity Title Services, LLC offers title insurance loan policies for lenders.
When you’re coordinating the closing parts of the transaction, it’s important to protect all parties involved – and that includes your mortgage lender. If there’s a problem with the title of your new property, your lender will expect you to have a loan policy for their protection. Here are a few things to note about your lender’s title policy: