Should Homebuyers Consider an Attorney Opinion Letter to Reduce Closing Costs?
Orange County Register, Jan. 18, 2024–Jeff Lazerson
More lenders are accepting or at least contemplating Attorney Opinion Letters instead of title insurance.
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The Mortgage Bankers Association recently released a white paper titled Making the Old New Again: The Resurgence of Attorney Opinion Letters as an Alternative to Title Insurance. The paper, authored by law firm Blank Rome, provides a look at the landscape of attorney opinion letters and how they may differ from traditional title insurance.
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