TOP 10 REASONS for not Having Owner's Title Insurance
-
I know, trust and am able to contact the previous owners of the
property - and the owners before them, and the owners before them, going back
40 years.
-
All lawyers, real estate agents, mortgage brokers, banks and title
companies do perfect work - they never make mistakes.
-
I am too lucky to buy a house where someone committed a fraud against
me, the bank, or a former owner of the property.
-
Rather than buy an owner’s title insurance policy now, I’d rather pay
more money after I’ve owned the house for a while.
-
If I have a title problem I can always sue my lawyer or real estate
agency because they told me I didn’t need title insurance.
-
I am happy to pay for the title insurance for a bank’s protection on
my loan, but have no desire to protect my own title.
-
All of the Courthouse records are accurate and complete, and the
people who file and examine them are infallible as well.
-
It doesn’t matter that one of the mortgages the seller had on my new
home wasn’t paid off at the closing. I am happy to assume that debt.
-
I am certain that the woman at the closing was the seller’s wife
because he kissed her.
-
I don’t have enough to worry about.
|
