You always have the option to sue a seller, but who wants to do that? And, a lender's title policy does not protect the owner. I have always bought an owners title insurance policy. When I bought my first house, the attorney who examined the title found that the a previous owner had sold the house to the current seller without getting her divorced spouse to sign the sales documents. His name was still on the previous title. The attorney had to track down the spouse in another state to get his signature. If the attorney had not discovered the error, the title insurance could have been well worth the cost.
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