We opted out of the Owner's title insurance. Of course the lender's policy ($2400) was not an option. My thought on the Owner's coverage was that it was not necessary considering the house was new construction. The Villages development company purchases vast amounts of agricultural land to build on. There is due diligence performed on title search of that land because any future claim to title of that land would not only effect the individual homes built, but also the rec centers, golf courses, trails/roads and any other amenities.
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