In the case of new homes in The Villages built on large chunks of land bought by the Developer, if there was a title defect in the land bought by the Developer it could impact literally hundreds and possibly thousands of homes. In that case, all bets are off and things could be tied up in court for who knows how long with class action lawsuits. It would be ugly. For resales, I can see the need for title insurance. For friends who bought new, I don't recall any of them actually opting for the title insurance.
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Originally Posted by Challenger
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.
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