Talk of The Villages Florida - View Single Post - Is Title Insurance a scam?
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Old 07-13-2015, 09:32 AM
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zonerboy zonerboy is offline
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In regard to new homes in The Villages purchased from the developer, I'm not sure the word scam applies, but some one is making a lot of easy money from an essentially captive audience. All the homes on my street were once part of the same parcel and this parcel was purchased by the developer whom I'm sure ascertained he had clear title to the property before developing it. So do each of the 60 homes in my courtyard villa neighborhood need a separate thousand dollar title insurance policy? And since the developer surveyed the lots before building the homes do we each have to pay for an additional survey?
Just asking?
In addition most of us purchased these homes via The Villages realtor, mortgaged with The Villages mortgage company, and settled via The Villages title company. Lots of bucks to be made.