Updated almost 10 years ago on . Most recent reply
Title Insurance
I bought a house cash to flip on April 17.
On the HUD I have this for title
1101 Titles Services and Lenders Title Insurance $750
1103 Owners Title Insurance $965
Ok.. now.. I am going to refinance this house with a hard money lender next week hopefully. I am also going to change the LLC that owns the property to another LLC that I own.
1. Do I need to get all new title insurance?
2. If I do get new title insurance with a different title company (or even the same title company), is the title insurance on the first purchase going to be pro-rated and refunded?
Most Popular Reply
Most title companies will give you a reissue rate if you re-insure through them.