Quote:
Originally Posted by VillageIdiots
I'm buying with a mortgage and it's still optional. Wondering how many people opt out. If it was a few hundred bucks, it's certainly worth the peace of mind. But a couple grand or more, I just wonder if it's really necessary. The fact that the bank, Citizens First no less, still lets it be optional, makes me think there is a very low chance of it being necessary.
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Are you saying that the title insurance to protect the bank's interest in the property is optional, or just the owner's title policy? It is my understanding that the bank always requires a bank title policy, but that the owner's policy is optional. An owner's policy will only protect your interest in the property, so the bank doesn't care whether you buy it or not.