![]() ![]() ![]() bank) some time to conduct the due diligence, without being pressured to conduct the due diligence in a haste. Another, potential function of a title insurance binder, is that it allows a prospective lender (i.e. ![]() It is important to remember that a title binder is not title insurance, and it is usually good for a specified limited duration. Sometimes, such sets of documents, are important to the proverbial flipper (a real estate investor, who will not hold onto the property for too long, after the closing). Many times, a title binder would help provide the buyer and seller, with limited protection during the closing period, where the buyer and seller’s insurance policies may not overlap. Generally, it is a title insurance company’s written commitment to insure title to the property subject to the conditions and exclusions shown shown on the binder. What is a title insurance binder? Kiritsis Law Group 2 May 13, 2021īy: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M ![]()
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