Title insurance policy protecting-equitable title

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Reference no: EM131013296

1. John sells his house to Mabel by giving a deed to Mabel. In the purchase agreement John was to buy a title insurance policy protecting Mabel's title. What kind of title policy did John buy Mabel?

2. Coral sells her house to Sky using a land sale contract. Sky, in this transaction, receives "equitable title" not full "legal title." Coral was to buy a title insurance policy protecting Sky's title. What kind of title policy did Coral buy Sky?

3. Just as a buyer wants to be protected by title insurance, the buyer's lender will also want to be protected. What is the name of the title policy that a lender normally receives?

Reference no: EM131013296

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