Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [title-insurance]

17 questions
21
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4 answers

If I buy a foreclosure at courthouse auction, am I in any way responsible for debt on the property?

I'm looking into purchasing a foreclosure that is being sold by a trustee at a courthouse auction. I did some research on the property (via RealtyTrac), and it seems like there were quite a few loans taken on the property. From the records there…
user379468
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4 answers

Are there any statistics that support the need for Title Insurance?

Number of claims per year / per region etc. Can't seem to find any. Publicly available through the web would be nice too :)
robDean
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4 answers

What is title insurance, and should I get title insurance for my home?

I have just sold my house and bought a new one. The lawyer I am working with to do all the necessary paperwork has sent me something about "Title Insurance". I am not quite sure exactly what this is. Can somebody tell me what this means and if it…
DazedandConfused
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What benefits do "title search companies" have over physically visiting a land records offices?

I am looking into buying my first piece of real property. Basically my question is "why do title search companies even exist?". Who uses them? And why? Are they doing something special apart from going to the local authoritative body and performing…
islandlubber64
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Do I need to keep Title Insurance policy in a safe place

Whenever one buys a property (with a mortgage) lawyers usually include a title insurance policy with the closing documents. Does one need to keep it in a safe place? How long does one need to keep it? Is there a copy available somewhere else in case…
Vitalik
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Buying a house with a quitclaim deed

I'm thinking about buying and rehabilitating a condemned house that is being offered with a quitclaim deed. I can confirm that the seller is the most recent title holder via county records. From my observation of county records, it seems common for…
Ryne Everett
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Cost of Title Insurance

When I've shopped around for car insurance and health insurance, there are large differences in cost and also in the type of policy. I just bought a house, and I noticed that there seems to be no difference in the cost of title insurance from…
user2309840
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Will old owner's title insurance be valid on refinance?

I was wondering: if I refinance my home, will I need a new owner's title insurance, or will the previous title insurance still be valid? I suppose the new lender will require new lender's title insurance, but my owner's title insurance should still…
puzzled
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Who does the Title Company work for?

Whe buying a house or piece of property, does the Title Company work for the buyer, the seller, or are they neutral, just playing the part of administering the deal?
soakley
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risk on selling home and never receiving funds from settlement company

I was about to sell a home where I have good equity, my question is what are the chances that settlement company never pays me the proceeds and runs away/abscond. I see there is FDIC insurance for protections against Bank Fraud, SIPC for protection…
puzzled
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Home insurance offers from Chicago Title's affiliations

After entering an escrow for a home purchase we have received an email (legit) from a company affiliated with Chicago Title with quotes. I hadn't yet come to this step mentally. We're still in the contingency period. Before I explore further, should…
perennial_noob
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Is it normal to delay initial payment on home insurance by escrow/mortgage company?

A few years ago, I bought a home. The mortgage company had( have) the escrow. One thing that bothered me, is that the mortgage company is supposed to pay the Home Insurance and the amount was deduced at closing. The Home insurance company did not…
puzzled
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selling a car to a dealership while asking them to obtain a title duplicate for the vehicle

I hope this is the right stack exchange to ask this question... I got my honda civic 16 back in mid Feb 16 as I was moving from NY to NJ. I actually never received a copy of the title which was sent to my old address back in NY because soon after i…
user45210
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Standard versus Enhanced Owner's Title Insurance

We are getting ready to close on our house, and I was wondering the circumstances under which an enhanced title insurance is better than a standard ALTA owner's title insurance. Here is a comparison…
rs79
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Do I need to do a title search on land? how about title insurance? lawyers?

I am looking at a piece of land that is being sold for 25k. As I understand it, I need to do a title search before any transaction is done. I've already looked at the tax assessors website and seen that the taxes appear to be up to date and that the…
user379468
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