Who does the title company protect? And how do they protect them?Well, there's two different types of policies. When it comes to title insurance. There is an owners policy, and then there's a lenders policy, when you're doing a purchase, you have an option to purchase Owners Policy, and that protects the buyer of the new home, up to the purchase price of the home. If something were to happen in defect of the title, and the lender protects the lenders policy protects the lender or the mortgage company, for the loan amount on that particular property.And, and what exactly so so by protecting, you go back and you do some searches on the property.And we do a thorough inspection of the property on the history of the property. So we go to the recorders office, we go to the auditor's office, we go to the treasurer's office, and we do a thorough search to find out all information on a purchase. That's anywhere from 30 to 30 years in the past, on that particular property, we're looking for liens, we're looking for mortgages, we're looking for judgments, we're looking for delinquent taxes, and we'd come back and put all the information together into a title commitment form, which is a three different schedules that talks about all the information on that property, okay.And if something, let's say, four years down the road, something I don't know how often it probably doesn't happen very often because you guys do so much searches, but if something came up, you're protecting them from that coming up, they would not have to pay for it if it was missed on the search,  right and that's what the title insurance product is. It's a one time cost you paid at closing. And if it's an owners policy, if the owner is suffers a loss, then that owner were protected or if the lenders not in the lien position that they think you should be able to protect the lender at that time.Connect with Us:For more episodes of Indy's Real Estate Gurus, visit IndysRealEstateGurus.com. Join our community for more insightful real estate discussions, tips, and expert advice. Don’t forget to subscribe to stay updated on the latest episodes! Follow Us on Social Media: Facebook: Indy's Real Estate Gurus Twitter: @IndysREgurus Instagram: @indysrealestategurus Contact Us:Have questions or want to get in touch? Email us at [email protected] or call or text us at 463-223-9592. We love hearing from our listeners! Support the Show:If you enjoy the podcast, please leave us a review on your favorite streaming platform. Your support helps us grow and reach more real estate enthusiasts like you!

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