Quote:
Originally Posted by Terriy
Looking at a list of estimated closing costs on a new patio villa in Hawkins. One of the fees is Owners Title (Optional). Can someone explain the need for this on a new never occupied home? Looking at $7,178 in total closing costs and that doesn't include prepaids and reserves. I'm not locked into this lender yet and am definitely shopping around. Thanks for your help!
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You don’t need title insurance if you are the first owner unless you are mortgaging it then your lender forces it on you ! Don’t use the Morse family bank called citizens.
Use a credit Union of even another bank outside Florida but commercial banks charge more for nothing. Don’t trust the sales people either they don’t just sell the houses they sell the villages bank title insurance and homeowners insurance. They quoted me 1200- for HO ins on a cash sale, I went to progressive insurance and my policy is $460-/yr. I also bundled my car insurance quotes MF me 600- for six months then they sent me a refund check