Posts Tagged ‘title defect’
Do I Really Need Owner’s Title Insurance?
Between fees and unexpected additional costs, buying a house can end up costing more than you anticipated. So it’s totally normal to question those extra items and whether or not you really need them. Take owner’s title insurance. If you’re going to have a mortgage, your lender will insist on a lender’s policy, but is…
Read Full ArticleMoral of the story: make sure you deal with a reputable title company.
During the course of a recent refinance for “Ms. Smith, we performed the title search and uncovered a $300,000 IRS lien against the previous owner. Ms. Smith recalls the title company, the one she hired when she purchased the house, had mentioned that an IRS lien existed. To her surprise, that title company never resolved…
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