[784caroline]

From my perspective, The land the villages is building on was all farm land and has not gone through a series of transfers as most individual homes normally do. Given that plus the fact that title insurance probably has one of the lowest payouts or claim ratios in the country, we decided against it. If you are taking out a loan you neeed to get it for the lender and then you would probably get one for yourself. If there ever is problem with the land title search, I think the Villages as a developer would have deeper pockets than an insurance company and just seeing how the Developer operates he would not want any problems such as this to taint the clean record they now have.

BTW at closing the Developer will give you (If asked IN ADVANCE) a notarized letter signed off by all the subcontractors waiving any future subcontractor claims to your new property. You should ask for "Contractors Sworn Statements to Owner and Final Release of Lien". I have 28 subcontractors who signed off everything from solar lights, Electrical to wood trim and windows etc.

It is an individual decision that each must decide on their own situation and level of risk. Maybe I am optimistic, but it would cost about $2-3,000 for total coverage...and yes total peace of mind. But I think this is a risk worth taking to pass on this insurance from this developer....but.... I also play Craps in a casino. If you are buying a resale..things could be entirely different.