Title Insurance insures fee owner of legal rights, right to own, use and sell. Insures against defects, any previous rights outstanding, insufficiency of title.
Construction/Remodeling Closings performed after title search of property, sworn construction statement submitted, disburses draws on construction and collect lien waivers, etc.
Insured closings are an agreement by the title insurer to indemnify the insured for any loss in settlement funds, frauds or dishonesty.
Refinances are usually done to lower a mortgage interest rate or to cash out equity in the property.
Excelsior Title - Excelsior, MN 55331 USA | 612.859.4043
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