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Originally Posted by BnCinME
Slightly off topic but if one is paying cash at closing (initial purchase) would they need Title Insurance?
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Being a retired Real Estate Agent, paying Cash would be the number 1 reason to have Title Insurance as it potects you investment in the home. The Title Company would make sure if someone came and said "That this land was Stolen from their Grandfather," and they had the papers to prove it, you might lose your home but the Title Co would repay you for what spent. They also will defend the Title in court.