I try not to be pennywise and pound foolish so I purchase owner's title insurance which assures coverage for marketable title. My primary concerns in purchasing a home within a large development include the developer obtaining marketable title from the landowner, release of construction and other prior loans and mechanics liens.
My only experience with title company issues is one I used for years on commercial properties went out of business which forced me to purchase reissue lender title insurance from another company. Fortunately the state stepped in and required them to offer a low rate.
I had an encroachment problem once but resolved it without the title insurance company needing to get involved.
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Last edited by manaboutown; 04-25-2018 at 05:03 PM.
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