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Consumer “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
– Mark Twain

  • Inflation and Interest rates. The topic dominates the dinner table and water cooler conversation. Everything is getting more expensive, and in specific industries, the cost continues to rise when arguably there should be an actual reduction.
  • Nothing is more accurate when focusing on the closing costs of purchasing a home or refinancing an existing mortgage.
  • The American Dream of buying a home is getting more and more difficult. Property values are rising at a faster rate than income. Interest rates have risen, and even though actual statistical losses by Title Insurance Underwriters losses have remained relatively flat for the past x years, the premiums continue to increase at alarming rates.
  • Fact: Title insurance claims are approximately 3%, compared to auto insurance claims, which have a 45% claim rate!
  • Historically, homeowners have had few options, finding themselves at the mercy of accepting title insurance closing fees with a shrug of the shoulders, believing there is no option.
  • Until now.

    Fannie Mae, Freddie Mac, FHA, and the VA have officially approved Insured Attorney Opinion Letters as a viable alternative to the old-guard American Land Title Association Title Insurance Product. These institutions protect and preserve the nation’s housing finance system. (Click here to learn more about what these agencies do.)

    By approving Insured Attorney Opinion Letters as an alternative Ownership and Lender Insurance Policy for Purchases and Refinances, homeowners now have options and a real opportunity to reduce insurance premiums by hundreds, if not thousands, depending on their loan amount and state.

What is an Attorney Opinion Letter?

In short, much like the old traditional ALTA Owner and Lender Policy, an “AOL” is an insurance policy that is reviewed by a local attorney confirming that your property meets the criteria to be an insured Owner and Lender Policy, ensuring the homeowner and lender are insured against any potential claims against the title of your home purchase or refinance. (Click here for more information)

Curious about how much money you could save? Click here for a state-by-state insurance premium comparison between the traditional ALTA and Insured AOL policies.

Ask your lender for a TenX Guaranty Insured Attorney Opinion Letter. Say no to high closing costs. Say no to the old guard.

TenX Guaranty Highlights:

  • Nationwide Average reduction of 55% Purchase 37% Refinance

  • Residential and Commercial

  • Up to $ 1m

  • Coverage for the Life of the Loan (Lender and Borrower)

  • Flat Rate Policy regardless of loan amount or geolocation

  • Includes FRAUD COVERAGE

    • Click to the button below for a State-by-State Purchase and Refinance Fee Comparison Table

FAQ

What is an Attorney Opinion Letter (AOL)?
An attorney opinion letter, also known as a title opinion or opinion of title, is a legal document provided by a qualified state-specific real estate attorney. The AOL offers a professional analysis of a property's title records, identifying potential issues or defects. It concludes with the attorney's determination the title is clear and marketable, thereby assuring buyers, lenders, and other parties involved in the transaction that the real estate transaction may move forward, and an insurance policy designed to indemnify the homeowner and lender against potential losses arising from title defects, further protecting their interests
Title insurance is indemnity insurance that protects against financial loss from defects in the title to real property and the invalidity or unenforceability of mortgage loans. It is commonly used in real estate transactions to protect the buyer and the lender.
Both the homeowner and lender can rest comfortably knowing their insurance policies are backed by an A+-rated underwriter, as rated by AM Best.