Quote:
Originally Posted by Carla B
When the first owner of a Villages house resells it the buyer would insist on a title policy. So how many titles have "failed" because of problems with the title passed by the developer to the first owner, then by the first owner to the second. Probably none so far.
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Quite often , title claims , pop up after 50-100 years or more. Ask people in Connecticut about Indian tribe claims on land which now houses Indian casinos . others where there were transfers with erroneous metes and bounds descriptions. Some where the Federal government claimed previous domain, etc.etc.etc. Even if you are finally supported by court action to be the rightful owner, your defense could cost $thousabds . If you were insured, the title company would defend or pay for your defense.