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06-23-2006, 10:40 AM
| | Junior Member | | Join Date: Jun 2006
Posts: 5
| | | Title Insurance
What is the name of your state? CA
Could someone clarify what when it Title Insurance necessary? |
06-23-2006, 11:07 AM
| | Senior Member | | Join Date: Jun 2000 Location: Somnambulist University
Posts: 36,806
| | Quote: |
Originally Posted by Concha Could someone clarify what when it Title Insurance necessary? | If you purchase a house and, after closing, find that there are other leins or encumberances on the property, your title policy will cover the expenses and legal challenges.
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06-24-2006, 10:03 PM
| | Senior Member | | Join Date: Oct 2005 Location: Ohio (southwest)
Posts: 2,250
| | Quote: |
Originally Posted by Concha What is the name of your state? CA
Could someone clarify what when it Title Insurance necessary? | If you have a mortgage on the property, more than likely your lender insisted on a "lender's policy", to make sure they are protected. You will need to buy an "owner's policy" (I highly recommend it). | |
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