Real Estate Investing Basics

Title Insurance: The Basics

Expertise:
22 Articles Written
I have often found that many homebuyers lack a fundamental understanding about title insurance. While most past clients have admitted to briefly discussing the topic with their real estate agent, they don’t seem to understand its purpose or function–only that it will be an additional expense on the settlement sheet for which they are responsible. [...] View the full article: Title Insurance: The Basics on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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    Chandler Properties
    Replied almost 12 years ago
    Very informative article. Good job!
    Gregory Bain
    Replied almost 12 years ago
    Insurance is a rip off (period). I have a deal on a townhouse that can’t close because the builder had reversed the lot numbers five years ago. No other title company caught the error and units have been sold and re-sold. This title company found the error and one would think the whole mess could be resolved in a few business days. One would think the insurance company would handle the mess. Thank God for lawyers! Land that a house sits on for over 30 years appreciates in value (period). So why should a Title Company be allowed to “correct” its mistake on easements and ownership be only responsible for the value of the land when it was purchased 30 years ago? Again, INSURANCE IS A RIPoff!
    Don Barrack
    Replied over 10 years ago
    I have always practiced purchasing the owners policy in addition to the lenders policy. The added expense is minimal and the policy stays in force as long as I own the property. .-= Don´s last blog ..Tax Lien Foreclosure =-.
    Aaron P Smith
    Replied over 10 years ago
    “I have often found that many homebuyers lack a fundamental understanding about title insurance.” Yes. It is valid so. Many my acquaintances and friends know nothing about Title Insurance. For them Title Insurance Is superfluous expenditure of money. It is sad.