Talk of The Villages Florida - View Single Post - Is Title Insurance a scam?
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Old 07-13-2015, 05:19 AM
Villager Joyce Villager Joyce is offline
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Quote:
Originally Posted by JayGeeFL View Post
If it's a requirement by the seller to pay/buy title insurance , then the developer should have had to pay when selling the homes to the 1st buyer. How do the title companies not insist on them paying, but only on subsequent sales ? ...
Because TV does not use the standard FARBAR contract. It isn't a trquirement. Tbe standard contract calls fir the seller to provide title unless the contract provides otherwise. TV probably doesn'trovide because they have done their homework and know title is good. But errors do happen.
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