Dec 09 2007
What is Title Insurance Part 2: Are there different types of title insurance policies?
From the “What is Title Insurance” series provided by Lori Tubbs, Chicago Title Insurance Company of Oregon.
Are there different types of title insurance policies?
Yes. There are two types of policies, a lender’s policy and an owner’s policy. The lender’s policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s mortgage. The owner’s policy safeguards the buyer’s investment or equity in the property up to the face amount of the policy.
About Lori Tubbs:
I have closed escrows for Woodhills Homes for many years. After meeting George Hale, the President of Woodhills Homes, we new this was a business partnership meant to be. We just hit it off. His sense of workmanship, professionalism and sincere concern for his buyers makes my job of closing the escrows so much easier. So, thank you, George.
Now, a bit about myself. I was born and raised in New Hampshire. While taking a traveling vacation with my roommate of many years, we ran out of funds in Oregon. We both took temporary jobs in Oregon in 1976 and once I met my future husband, my roommate went back to NH and I naturally stayed in Oregon. I married and now vacation in NH.
My many years of working as a paralegal in New Hampshire made it easy for me to obtain a job working for a title & escrow company. It was a niche that fit me well. My wide range of closing experiences include refinances, residential closings, new construction and development loans. Working with people everyday and being a part of their home buying experience is rewarding and enjoyable to me.
Lori J. Tubbs,
Sr. Escrow Officer
Chicago Title Insurance Company
5285 Meadows Rd., Suite 148
Lake Oswego, OR 97035
(503) 973-7500 phone
(503) 619-0163 fax
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