The Value in Protecting the Tenant's Interest: Leasehold Title Insurance
Probate and Property, May/June 2002, Volume 16, Number 3
By Harvey L. Temkin
Real estate developers, brokers, lenders, and lawyers understand the need to obtain title insurance when parties are either selling or financing real estate. The buyer or lender wants to be certain that the interest sought to be acquired, whether it be an ownership or a lien position, cannot be defeated by a party with paramount title. Typically, a title insurance company will examine the real estate records, as well as conduct other pertinent searches, to determine what needs to occur for the new owner or lender to obtain the desired interest.
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