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Title of Policy
|Usually provided and paid for by the seller.
|Lenders Mortgagees Policy
|Insures the lenders interest in the property against losses due to a defective title.
|Cloud on Title
|Defects effecting marketability
|Quieting Title Suit
|Court-ordered hearing held to determine land ownership
|Selller is required by title company to sign a statement at closing declaring he is not aware of any clouds .
|A clause in the title policy that allows the insurance company who pays a claim to seek reimbursement.