OTP on a foreclosure auction property
Fellow BiggerPockets investors,
I recently purchased a SFR in a trustee sale in Texas. The transaction went through fine and I received the substitute trustee deed. I am trying to purchase a Owner's title policy to protect myself, but no Title company is willing to sell me one.
They have not even done a title search (which I had done myself before buying and there were no defects), but simply refusing to sell an OTP unless I have a bona fide contract to sell the property. Why is this? How can I protect myself?
Any recommendations on Title companies that would insure foreclosure properties?
Thanks in advance.