Newbie here...do you need Title insurance when flipping a home? Further, any recommendations in the Seattle area? Thank you
Not necessarily needed, but you are strongly urged to have one. In WA state, typically when you buy a property, the seller pays for the buyer's title insurance as part of their closing costs. So really the only time that I can think of where you wouldn't have title insurance is when you buy from the auction.
Also, if you get a loan on the property, the lender will require title insurance as well.
Well, you’d hate to spend the money buying and rehabbing a property and when you go to sell Then realizing you have a title problem.
Thank you, Nghe! In Seattle as well. Maybe we will connect soon.
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