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Originally Posted by DebeeDoo
I just bought in Citrus Grove and I did not buy the owner’s title policy. (the bank requires one. The owner’s is optional.) The closing estimates had it listed for $1200, I said no, I don’t want it, then they came back and said it was only $268.00 and the estimates are “always high.” I told them I don’t care how inexpensive it gets, I do not need it. So if you feel that someone somewhere could come and lay claim to your tiny bit of this huge development, get the policy but hold out for a second offer. They’re just trying to get as much money as possible out of every sale.
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We bought a home in 2019 and the closing document shows a charge of 1700 for title insurance from the sellers funds. Did the seller get ripped off? This was all done through Peninsula Land and Title. I never met the seller until months after the sale because we closed over the phone using docusign.
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Terry
Always be humble and kind.