My loan officer told me that most people don't get it although it depends on the situation.
2007-08-24 05:07:09 · 4 answers · asked by dullerd 2 in Business & Finance ➔ Renting & Real Estate
While most people never end up needing it, it only takes once. I would never buy a property without it nor would I ever advise someone to forgo buying it. Small price to pay for peace of mind
2007-08-24 05:22:43 · answer #1 · answered by Craig T 6 · 1⤊ 1⤋
Get a new loan officer. That one either does not know what he's talking about, or he is a liar - neither of those two would do you well.
In what situation should you get an owner's policy of title insurance? In any situation where you're buying a piece of real estate!
2007-08-24 11:51:21 · answer #2 · answered by teran_realtor 7 · 0⤊ 1⤋
Always buy the title policy...ALWAYS!!! The title examiners are people and they can make mistakes. The title policy will assure you that you have good title to the property.
2007-08-24 05:15:43 · answer #3 · answered by ? 4 · 0⤊ 1⤋
always,
2007-08-24 05:20:34 · answer #4 · answered by jeanniep 5 · 0⤊ 1⤋