An Owner Purchases Real Property for $100,000

question 26

Multiple Choice

An owner purchases real property for $100,000.00 and obtains a loan for $80,000.00 from a lender. An owner's title insurance policy could be purchased for the following amount:

• A) $100,000.00.
• B) $80,000.00.
• C) $100,000.00 or $80,000.00.
• D) None of the above.

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