Frankjr
 

Not required. Bought three homes in TV and have declined in all three.
The developer did all the homework or would have not bought the property.

The lender requires title insurance and you have to get owners in order to get lenders which is why lender's is so cheap.

I agree, maybe somewhere else but in the villages as posted above the developer did their homework!

title insurance
 

In answer to your thought that lenders or mortgage insurance cost $25.00 is that it only costs $25.00 when an Owners Policy is purchased.

Yes. It is a simultaneous issue policy.

Uhh....I think you might be the confused one on this. A "Lender's Policy" when discussing Title Ins. is not at all the same as "Private Mortgage Ins." or PMI. The former insures the Lendor's interests in the event there is a challenge to the property TITLE; the latter insures the Lendor's interests from Mortgagee's default when less than 20% downpayment is made on the property.

And, for the record, Su2009 has supplied the most accurate and on point argument for always taking out Title Ins., regardless of who one is purchasing from.

Coming from the UK I used a lawyer when I closed in 1993/4. My son had bought from a developer in Houston and susequently ran in to boundary problems. The lawyer provided Title insurance, and did not charge anything else for services.
I would not expect to pay for title insurance again when I eventually sell the property.

I have never heard of an attorney who has signifigant experience in real estate law recommend that a buyer forgo Title Insurance. Sevral have posted or been quoted on this thread and their comments strongly support purchase.