Talk of The Villages Florida - View Single Post - Closing costs
Thread: Closing costs
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Old 11-14-2020, 07:32 AM
Micki Micki is offline
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Default Title Insurance
Quote:
Originally Posted by retiredguy123 View Post
I always buy the owners title insurance, but some people think that it is not needed for a new house.

It will insure that you will have a clear title forever.
It does not insure that you have a clear title forever. What it does do is pay you the amount the title insurance policy is worth if someone comes around and proves the property is actually their’s and your seller had no rights to sell the property to you or anyone else.