Quote:
Originally Posted by dsnrbec
We just found out that title insurance is required by most, if not all, lawyers and settlement companies around The Villages. I don't see the need for it since The Villages purchased all the land and I'm sure did their due diligence in the purchase. Does anyone else think it's a way to collect thousands over and over again each time a property changes hands? If you know anyone who will do a closing without it, please let me know.
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I agree with you. I rejected it at closing, two years ago, and believe it is another trumped up fee (Sorry, Donald), like "courier" and the like. If somebody some day files a suit over property rights, the developer will have to answer. He bought the property and subdivided it. Another thing, I read an article a while back that claimed there are only two or three title insurance companies in the U.S. They operate under a variety of names.