The guarantee contract protects the buyer and ensures that the seller has free and clear title to the property without any outstanding liens or mortgages.
Essentially, “whitelisted states” are a group of US states that allow eligible insurers to use non-approved insurers to secure special liability or property coverage in a policy.
A zombie title is a title that a homeowner retains when a foreclosure is denied but the owner is unaware of the dismissal. Thus, ownership remains with the homeowner in the dark.