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Title Insurance: What’s the difference between an owner’s title insurance policy and a lender’s title insurance policy?

Title Insurance: What’s the difference between an owner’s title insurance policy and a lender’s title insurance policy?

by | Dec 14, 2024 | buying a home, lender's title policy, owner's title policy, Real Estate, real estate closing, selling a home

When reviewing documents with real estate clients, title insurance is one of the most asked-about costs on the settlement statement. During the process, you will learn there are two types of title insurance policies, an Owner’s title insurance and a Lender’s title...
When selling real estate, when do you get your proceeds?

When selling real estate, when do you get your proceeds?

by | Dec 27, 2023 | Attorney, buying a home, Elgin, Lawyer, lender's title policy, owner's title policy, Real Estate, real estate closing, selling a home, St. Charles

Two common questions we get from our selling real estate clients are: how do we get our money and when do we get our money? In northern Illinois, we use title insurance companies to handle the disbursement of monies in real estate transactions. By using a title...