Updated almost 16 years ago on . Most recent reply
Is title insurrance necessary if you pay cash for a forclosed single family home?
Just as the title says. Any help would be appreciated.
Most Popular Reply
Rich Weese
#2 Off Topic Contributor
#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
I might be splitting hairs here, but anyway... I buy a lot of homes on courthouse steps. I do not have title insurance on them until I sell. Your question says "Foreclosed" so I assume that means you're purchasing AFTER the buyer(bank or investor) bought at the sale. I agree they'd need ti at that time. I've never encountered a problem buying at courthouse and NOT getting title insurance. Rich.