Title Insurance - To elaborate further, title insurance protects against the loss resulting from defects of title to a specifically described parcel of real property. Simply, it is meant to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens, or other matters.
Escrow - On the other hand, escrow is the delivery of a deed by a grantor to a third party for delivery to the grantee upon the happening of a contingent event. It may consist of a bond, deed, or other document kept in the custody of a third party, taking effect only when a specified condition has been fulfilled.
Post a Comment