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Old 09-08-2013, 11:54 AM
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Deadhead Deadhead is offline
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Join Date: May 2004
Location: VA Murica
Posts: 5,785
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Buy OWNERS title insurance. One time $ and never look back. Best insurance you can ever purchase. This is especially true after the run and gun period we have just gone through. There was a lot of sloppy title work done during the boom, and there were a ton of scams. Beyond that a TON of notes have been lost forever by banks and institutions who sold loans and the paperwork was never transferred, lost in business closures etc. etc., etc. We owned a company that did tens of thousands of real estate transactions. I have seen some crazy stuff sanctioned by the biggest insurers in the business, so I can only imagine what happened at the other end of the scale.

Owners title insurance is an option. Only lenders title insurance is required, and it only protects the bank.

Buy OWNERS title insurance.

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