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URL:  http://boards.fool.com/wotpeed-ltltltbecause-the-loan-that-the-old-30506853.aspx

Subject:  Re: Escrow items during refi Date:  1/25/2013  5:04 PM
Author:  JAFO31 Number:  124604 of 128075

WotPeed:

<<<Because the loan that the old insurance policy insured will be gone.
The new policy will insure the new loan. And pays for them to do a new title search, since the title company have to make sure that you don't have some new lien against the property that was put there between when your old title search was done and now.>>>


"I can see paying for the new title search. I guess I assumed the title insurance policy could "transfer" from one loan to another since nothing has changed regarding the property, owners, etc. Oh well."

Title policies are as of a certain date (unless downdated by endorsement), and insure a particular person or persons, and in the case of loans, insure a particular mortgage or deed of trust.

If you new lender were taking an assignment of the existing note and lien and then modifying it