Title insurance mandatory?

[savemart55]

i,m buying a new home in a new subdivision in texas. many years ago i assumed a fha mortgage and opted to not buy title insurance since i had never heard of a claim against one of these policies. i,m sure it happens on rare occasions. if i am willing to take a chance that the title will not be challenged,is it possible to pass on this insurance and still get a conventional mortgage, or is this insurance mandatory?

 

[HomeGuru]

In most cases, the lender will require title insurance.