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Updated over 6 years ago on . Most recent reply

Steven McLarty's profile image
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Steven McLarty
  • Rental Property Investor
  • from Oklahoma
  • Member since Jan 9, 2019
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Steven McLarty's profile image
Steven McLarty's profile image
Steven McLarty
  • Rental Property Investor
  • from Oklahoma
  • Member since Jan 9, 2019
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Steven McLarty
  • Rental Property Investor
  • Oklahoma
4
Votes |
29
Posts
Buying & Selling Real Estate

Title Insurance? Buy it or not?

Steven McLarty
  • Rental Property Investor
  • Oklahoma
Posted

We are closing on our 3rd property on the 23rd.  We have not purchased a new property in a 10 years or more so please forgive my ignorance.  One of the items we are being asked about is title insurance.  What are your thoughts?  Good investment or not?  Truly appreciate your input.

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Marc Winter's profile image
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Marc Winter
  • Real Estate Broker
  • from Northeast PA
  • Member since Sep 22, 2017
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Marc Winter
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  • from Northeast PA
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Marc Winter
  • Real Estate Broker
  • Northeast PA
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

Title insurance is an absolute MUST!  If some hourly-paid abstract researcher misses a $10k mortgage or lien on the property and you close on it, guess what?  You own the house AND the lien.  Not worth it to take a chance.

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