Questions tagged [title-insurance]

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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 ...
puzzled's user avatar
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2 votes
3 answers
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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 ...
perennial_noob's user avatar
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Will lender title insurance need to be bought again if refinance with same issuer? [duplicate]

If I refinance my mortgage with same lender, will I need to pay for new lender title insurance ? I understand, I can ask the lender, but before I do I want to know how is the experience of other ...
puzzled's user avatar
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3 votes
1 answer
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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 ...
puzzled's user avatar
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2 votes
1 answer
111 views

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 ...
puzzled's user avatar
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3 votes
2 answers
805 views

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 ...
Ryne Everett's user avatar
21 votes
4 answers
5k views

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 ...
user379468's user avatar
1 vote
2 answers
11k views

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 ...
user45210's user avatar
3 votes
2 answers
241 views

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 ...
user2309840's user avatar
0 votes
2 answers
4k views

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 ...
user379468's user avatar
2 votes
2 answers
574 views

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's user avatar
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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? ...
Vitalik's user avatar
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i have a check from a title company dated 8 years ago

i was cleaning up and throwing papers aways and in those paper i found a check dated 8 years ago. my question is if i can still claim the check , or do something about it so i can get a new one, i ...
daniel's user avatar
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9 votes
2 answers
723 views

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 ...
islandlubber64's user avatar
1 vote
0 answers
497 views

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's user avatar
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17 votes
4 answers
8k views

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's user avatar
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12 votes
4 answers
556 views

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....
DazedandConfused's user avatar