Star Scammed - Didn't Have Title Insurance (Big Mistake)
DETROIT (AP) - The star of HGTV's "Rehab Addict Rescue" apparently was "scammed" when she bought a blighted Detroit home from someone who wasn't the owner, the mayor said.
The Detroit Land Bank Authority holds the title to the house. Nicole Curtis said she paid $17,000 for the property in 2017 and has spent $60,000 in repairs and other costs so far.
*******************************************************************************************
You would have thought an experienced investor wouldn't make such a bad rookie mistake.
Be careful out there, get title insurance.
Most Popular Reply
Problem is even if she had gotten a title policy, the amt of insurance would probably have been $17k leaving her self insured for the additional $60k. Many people aren't aware you can buy a policy for the ARV at the time of purchase. The policy should have a pending improvement clause in it.