All Forum Posts by: Sylvia Castellanos

No, I would not want to close on a property without title insurance.

Thank you for pointing out the possible pitfall . I will definitely look into it.

Greetings from Montgomery County, Alan!  It's great to meet people from the Delaware Valley on this forum. 

Let me ask you this. How much do you expect the title company or attorney overseeing the closing to charge?

Ahmed, please message me.

Something else that caught my eye in one of the replies I received. "However, the seller may guarantee the title themselves depending on the type of deed they provide."  I can guarantee the title?  What form does this take?

Thank you For that information, Andrew.  You mention that the day of the auction is when the clock starts running on challenges to the sale. Actually I buy properties when they are put on sale over the counter because they did not sell at auction.  The auction literally took place ten or fifteen years earlier.  How does this affect the timing on when the transaction becomes final and title insurance companies are comfortable insuring it?

However, the seller may guarantee the title themselves depending on the type of deed they provide

Susan, let me ask you something else.  We see so many Youtube videos with instructions on how to do self-closings/seller closings, and this saves a significant amount of money.  That said, some states have laws that say if a title company or a lawyer has to do the closing. If not, then of course the seller is free to do it.  Can you comment about Mississippi?

This is very helpful, Susan.  Thank you.  You and I have talked before--I hope you have been well.

Actually the role of Tax Title Services would be to research the title and declare it issue-free if that is their conclusion.  It it then eligible for title insurance. Tax Title Services plays no further role.

Actually, among your many informative comments there was one I found especially interesting. You said  " Even if you have a property with clear title, the fact that it has gone through a tax auction and because they are so messy title insurance companies often won't insure them for a year."   Are you saying that after a year they will provide insurance"?  If I am not misreading what you said, that is something I was not aware of.

I looked up the title insurance table you were nice enough to send me.  Can you explain what the designations Sale and Non-Sale mean?