Title Insurance on New Home?
I am helping my mom with all the details of purchasing her home in TV. She is closing in 2 weeks on a new home in Hadley. We just got in the mail a letter with brochure talking about title insurance, and offering it to us at the price of $1185.00. We are really perplexed at why you would need title insurance on a new home. (ie, How can you sell a new home willingly without a clear title?) She is going to be a cash buyer, so there would not be a issue with a mortgage/bank wanting the title insurance.
Can anyone help us figure this out? Her budget has already is popping at the seams with moving expenses, and we would like to opt out of this if it truly isn't necessary.
The letter is from a firm "McLin & Burnsed".
Thanks for any help/insight you can offer.
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