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Litigation Guarantee. A Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief.back. Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief. back.
The loan policy serves as assurance that the quality of the title to the property to be acquired and pledged as security for the loan is satisfactory. Most often, a loan policy will continue to offer protection even after the lender takes title to the property in a foreclosure or deed in lieu of foreclosure.