Posted on: 13th Sep, 2007 12:22 am
CPL
Hi Srao,
Are you asking about Closing Protection Letter? Please specify.
Are you asking about Closing Protection Letter? Please specify.
Hi Srao,
A Closing Protection Letter is a document issued by an underwriter on behalf of the title insurance company and is send to a lender.
Through this letter, the title insurance underwriter states his responsibility for any kind of damage or error if occurred at the time of closing the mortgage.
A Closing Protection Letter is a document issued by an underwriter on behalf of the title insurance company and is send to a lender.
Through this letter, the title insurance underwriter states his responsibility for any kind of damage or error if occurred at the time of closing the mortgage.
Hi Rao,
Closing Protection Letter furnishes protection to purchasers, lessees and lenders when closings are conducted by the title company's issuing agents or approved attorneys. The protection is against loss or damage arising from failure to follow the lender's written closing instructions.
Ravi
Closing Protection Letter furnishes protection to purchasers, lessees and lenders when closings are conducted by the title company's issuing agents or approved attorneys. The protection is against loss or damage arising from failure to follow the lender's written closing instructions.
Ravi