AOLs are an important emerging trend in real estate finance transactions. However, despite being more affordable than title insurance, they should be used with caution when replacing title insurance.
Jay Beitel is a principal at Polunsky Beitel Green, a Texas-based mortgage law firm. Key differences, protections, and legal considerations for lenders under Texas law Lately, there's been a buzz ...
Recently, Fannie Mae announced its plans to develop a pilot program to bypass traditional title insurance. Since the announcement, there has been a lot of talk about attorney opinion letters (AOLs) ...