Do I need to buy Title Insurance for my condo? What is the risk? - buy title insurance
I want to buy a condo in a new development and treasury. I understand that the lenders require title insurance, but is not a problem. I understand that there is an insurance for peace of mind to protect investments, but do not understand what you are buying a risk, especially because the other owners, the 110 new condos in the building probably a title insurance companies, the requirement of your lenders. The insurance company wants to book $ 820 for ALTA owner free standard warranty.
Saturday, January 16, 2010
Buy Title Insurance Do I Need To Buy Title Insurance For My Condo? What Is The Risk?
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2 comments:
I do not know anything about the new building, but my sister bought a house for the money and title insurance is not .... My lawyer did not advise me, but I know she had no lien on the ..... When we re-sale, the buyer has title insurance, since they receive a loan and he was released .... own, but I knew that my sister and I know he has a perfect credit! I agree with the person who says I do not know if the developer can not pay all the other contractors, they go back and put a link .... I would recommend this property ... .. buying insurance, have not you know who do you .... It seems logical ...
As a real estate agent in Indiana, I know that title insurance is not required for the new building. The need is for owners title insurance fraud earlier UPS (clouds in the title.) Since this is a new building if the developers lawyer casinos in the legal description of your home, you may as part of their rights. Contact a local real estate agent and discuss some options that you in your area. Good Luck
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