title insurance - for a resale
I am changing the topic somewhat.
My question concerns the seller of a resale home.
As a seller, I think you have to provide title insurance for the purchaser.
If this is correct, is your fee providing insurance for the entire selling price of the home?
Does this charge include both the fee for a title search and the insurance policy?
You are saying that there are 2 separate title insurance policies if a lender is involved
1. for the lender in the amount of the loan and
2 for the purchaser for the price of the home
Does your fee also include the premium for the title insurance that may be required by a lender?
Please clarify for the state of Fl, what the seller is obligated to pay.
It would make sense to me that the seller would pay for the title search and the purchaser would have to pay for any insurance they would like to purchase whether it be for themselves or a lender.
Thanks
|