Common use of Title Services Clause in Contracts

Title Services. For all sales of real property by Residential or acquisitions of real property by Residential, Altisource will provide the following title services, unless otherwise required by the applicable contract governing that transaction: (a) Provide REO title searches; (b) Provide preliminary title reports and commitments; (c) Review preliminary title commitment and grade title report to reflect title issues, if any; (d) Clear title issues which might potentially delay asset disposition and perform title curative work throughout the property marketing and closing processes; and (e) Issue owner’s and lender’s title insurance commitments and policies, including endorsements and short form policies as well as mortgage modification guarantees and other forms of title insurance.