Question

Before closing, ______ should provide evidence of a lender's and owner's title insurance policy.

a. the buyer
b. the lender
c. the seller
d. the title insurance representative

Answer 1

Before a real estate transaction closes, the seller must provide evidence of both lender's and owner's title insurance to protect against any prior claims or issues with property ownership.

Step-by-step explanation:

Before closing, the seller should provide evidence of a lender's and owner's title insurance policy. This ensures that both the lender and the new owner are protected against any previous claims or liens against the property. Title insurance policies defend against any legal challenges to the ownership of the property and protect the financial interests of both parties.