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re: Buyer's Title Insurance
Posted on 1/20/17 at 9:03 pm to ItzMe1972
Posted on 1/20/17 at 9:03 pm to ItzMe1972
my understanding is that the buyers coverage covers the amount of the down payment. so if you have an issue, the loan amount is covered but the buyers down payment amount is not. Read the title report. If the only loan for your original owner is their first loan then you should be fine. The first loan would have never been made if there were issues with the development.
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