Quote:
Originally Posted by dbussone
We bought a new home. On the advice of our TV agent we did not purchase Title Insurance. However, we did have a survey done. So far, after 5 years of ownership, and 4 trips to the ARC, all has gone very well.
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I have purchased 9 homes in my life (this is the last) and while I only used an attorney once (didn't really need her as it turned out)...I personally would never think of not getting title insurance.
Recognizing of course, that on 5 of those it was required... because there was a mortgage.
I have a pretty high comfort level on most things...but not quite that high when it comes to this.
Good for you though, that it hasn't been necessary.
Here's a good 'Pro Vs. Con' on doing it.
Buying a Home: Do You Need Title Insurance? | SmartAsset.com