Can I purchase Title insurance on my own?

9 Replies

Hi all!

I am Tackling my final R in the BRRR method for the first time. The house was bought via tax lien, so I dont currently own any title insurance on it. Do I have to go through a real estate attorney to purchase title insurance or can I contact an insurance broker on my own?

Thanks!

Ashleigh 

@Ashleigh Evans
It is also difficult to get title insurance at properties from tax liens / so check around but some require a few years before they will issue a policy - I am not sure why but have heard that

@Chris Seveney that would be a slightly...terrible. I took out a loan for rehab and I want to refinance so I can lower the monthly payments - as well as buy another property. I filed a quiet title against the world, so I believe any liens against the house were removed in court. Gosh, now I’m nervous haha. 

If you got a loan from a lender then the lender probably asked for an got lenders policy..

so I think you are fine.. unless you got a loan and the lender declined coverage ( which can happen but is rare if its a HML or company)...

just talk tot he title company that your loan went through.. in FLA title companies handle title insurance not attorneys.   in Attorney closing states the attorney is the agent for the title insurer.

@Jay Hinrichs and @Tom Gimer ,

Just to make sure I understand, I could potentially Just ask the lender for title insurance?

Is one option better than the other financially? Going through an attorney vs going through a Lender?

That makes life infinitely more simple. Thank you!

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