Talk of The Villages Florida - View Single Post - Is Title Insurance a scam?
View Single Post
 
Old 07-08-2015, 10:02 AM
dewilson58's Avatar
dewilson58 dewilson58 is offline
Sage
Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 12,838
Thanks: 1,013
Thanked 11,035 Times in 4,216 Posts
Default

Quote:
Originally Posted by Dr Winston O Boogie jr View Post
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.
Agree. Didn't know you were talking about buying from TV. I thought your "seller" reference was more generic. Most homea are purchased from an individual rather than a company, so I went down a different path.