Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Title insurance
First I was told I need my own seperate policy about $1100.
Now BB&T tells me I should request a "simultaneous issue of an owners policy" that would cost us less than $500. Anyone have input on this??????
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#2
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ask you closing attorney which provides the protection needed
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#3
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Are you purchasing a new or resale?? If you are buying from The Villages, you would have to pay for the entire title policy. If you are purchasing a resale, the "norm" in Florida is that the Seller pays for the Owners Title Ins Policy and then you would pay for the Simo Lender Policy which runs $25 plus any endorsements the bank might require..
Hope this helps! |
#4
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Just closed new and refused the title insurance for the second time
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Do not worry about things you can not change |
#5
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New
Here's the deal as explained to us, Owners policy is optional Lenders is required. If you opt out of owners U pay $950 for lenders policy If U take lenders & owners together it's about $1350, So for less than $400 you are covered, now id down the road you want to sell without your own title insurance it may become an issue. IMO not to spend less than $400 to get full title protection on this size investment is not warranted. A no brainier, but if you don't ask about "simultaneous issue" you can pay about $1000 for each or $2k... That's my understanding.
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#6
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Quote:
Mortgages must require title insurance.
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It is better to laugh than to cry. |
Closed Thread |
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