Would you buy a house to flip with marketable tittle

[Nelson Del Castillo]

I’m buying an reo and contract states seller is only required to convey insurable tittle. Is this something I should be concerned about and should I have tittle search completed before I give my full commitment and let contingencies lapse? This house would be a flip.

[Nelson Del Castillo]

@Christopher Phillips hey Chris, I know a lot of banks have that language in there but this particular addendum states that seller will choose tittle insurance company and that if tittle insurance is attained that regardless of what is on the tittle, buyer is obligated to move forward with the contract or surrender deposit. What makes me uncomfortable, is not being able to choose my own tittle insurance company. To be safe we are going to extend inspection contingency and order the tittle to insure there isn’t anything crazy on it.