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Originally Posted by dewilson58
It could be the sellers' responsibility down the road..........but where is that seller when you need him/her. Out of state?? Out of country?? Heaven?? Since you are now working with a "dealer" like a car......it just becomes more difficult.
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Actually, I think that it becomes less difficult with a big dealer like The Villages. do you think that they're not going to be around in 20-30 years?
It might be much more difficult if you bought from a private party. As you say, where are they? If you're dealing with a contractor that has only built a few homes and has only been business for a short while you might have a big problem.
Of course as my lawyer friend has stated, many things can be written into contracts and most of us don't understand half the papers we're signing at a closing. You could very well be signing a contract that absolves the seller of any liability should a title issue come up in the future.
Laws may be made by our representatives, but they are heavily influenced by lobby groups like insurance companies. I wouldn't be at all surprised if some of these laws were written by insurance company lobbies who then made huge contributions to campaigns.
And don't forget, up until a few years ago, lobbyist could legally take our government reps on various junkets designed to pedal their influence.
I don;t want to turn this into a political discussion, but just because something is a law doesn't always mean that it's right or in the best interest of the people.
In the final analysis, I'll probably go along and pay for the title insurance, knowing that I've been taken. There comes a point where you just have to protect yourself because people who are supposed to be protecting you don't.