When you refinance a property, you are acting in good faith that your new lending bank will transfer money to your original lender without any hiccups. But good faith won’t protect your money from any malicious activity. Atlantan Clark Howard asks the question, “what if the money is stolen while being wired from bank or bank?” The answer? Owner’s Title Insurance.
In the article, “Why you need owner’s title insurance when you do a refinance,” Clark explains what Owner’s Title Insurance is and why it is important security to have in place for your finances.