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Quote:

Originally Posted by perrjojo (Post 1409038)

My daughter has been a mortgage banker for 30 years. Her advise to us was , title insurance is expensive and rarely needed but when on occasion you need it...you really, really need it. Why take a chance?

My lawyer friend back in Ohio offered that same advice to me. So, I purchased title insurance.

Quote:

Originally Posted by ColdNoMore (Post 1409024)

I have purchased 9 homes in my life (this is the last) and while I only used an attorney once (didn't really need her as it turned out)...I personally would never think of not getting title insurance.

Recognizing of course, that on 5 of those it was required... because there was a mortgage.

I have a pretty high comfort level on most things...but not quite that high when it comes to this.

Good for you though, that it hasn't been necessary. :thumbup:

Here's a good 'Pro Vs. Con' on doing it.

Buying a Home: Do You Need Title Insurance? | SmartAsset.com

We've had 12 homes and built 8 of them. All except this one had title insurance. If I was buying a resale in TV I would definitely get title insurance.

You can do a lot of research online these days. The developer had clear title to the land my house is on and the title passed to us through the deed. At least that's the way I looked at it. I'm sure some will look at this as a reckless act.

Sent from my iPad using Tapatalk Pro

Quote:

Originally Posted by dbussone (Post 1409126)

To state categorically that "the Developer" has clear title is an opinion not necessarily a fact. There is no way to definitively know the answer to that question . There are several threads on this site that deal with this issue, but most of the posts are written by people who have no professional experience on the issue. Please consult with an attorney who specializes in the sale and transfer of real property before making a decision on buying title insurance.

The topic of this thread is complaints about deed restrictions. Please return to that topic. You are welcome to start a thread about the pros and cons of title insurance if you desire.

Thank you.

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