Teresa an Escrow Officer over at Deschutes County Title will be joining us every Tuesday with a tip for dealing with titles and escrow. Teresa wanted to pass along this piece of knowledge about Owner's Policy Insurance:
"Owner's Policy -- An Insurance Policy which protects a Buyer's Investment in a piece of real estate. This is usually purchased by the Seller for the Buyer, so that the Buyer can have a good piece of mind that their investment in the property is protected. The coverage generally applies only to issues which were prior to purchase. Owner's policies are good for as long as the Buyer owns the property."
If you have any other questions regarding title insurance, escrow, etc. feel free to Contact Teresa @ firstname.lastname@example.org