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Who Needs Title Insurance and What Can Happen if You Don’t Have It

realpropertycheck.com November 4, 2010

Who Needs Title Insurance and What Can Happen if You Don’t Have It

Title insurance may sometimes look like a ripoff but only so long as you don’t need it. In case you ever wondered why anyone should voluntarily fork over “so much money” for title insurance if there are “cheaper” options out there, here is what can happen if something does go wrong.

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Filed Under: Buying, Homeowners' Club, Investing Tagged With: code violations, deed, lien, lot number, notice of commencement, satisfaction of mortgage, title company, title insurance

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bankruptcy building wealth in real estate code violations commercial real estate contingency clause deed deed in lieu of foreclosure delinquent loans double-dip Fannie Mae featured FHA foreclosure foreclosures Frank-Dodd bill Freddie Mac GNMA GSEs HAMP HARP home prices homestead IRS junior lien lease option lien loan modifications lot number mortgage mortgage originator no-docs loans notice of commencement phantom profits REO residential robo-signing Robo Gate second liens second mortgage seller financing taxes title company title insurance unsold inventory Zillow

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