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The company was founded in 1997 through the acquisition of Campbell Title Insurance Company of Michigan, a small agency in southeast Michigan. After rebranding to Title Source, the company embarked on a rapid expansion plan into all 50 states, offering title and settlement services and products that integrated and streamlined the entire ...
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
The 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
Title insurance policies typically cost a median of 0.67 percent of the property’s sale price, according to data from Fannie Mae. The median cost in dollars is $1,901. The median cost in dollars ...
On average, title insurance can range from collectively costs 0.5 percent to 1 percent of the home’s sale price (including both kinds); the average cost 0.67 percent of the purchase price ...
With an owner’s title insurance policy, the title insurance company will pay any outstanding loan balance as well as your equity up to the purchase price in the event of a successful claim of ...