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Just another of the million reasons for buyers to purchase title insurance

Just about every buyer, looks through their HUD before closing and all the expenses to close on a property. Invariably, the cost of title insurance is questioned. I have never sold a property to a buyer without title insurance but it has been questioned many times. This past week as the paperwork was being finished for a closing10 days away, it was discovered that the title insurance company at closing put the property into tenants in common, not joint tenants as the husband and wife had directed. The husband died about one year ago. Now, it seemed that the way to get this resolved was going through probate. However, we did get ahold of the title insurance co., (closing company that made the error had since been bought out.) The title company is paying to resolve this problem and we are going to be able to close very near the scheduled time. Thank you title company!! Now my widow client can get this property off her plate and move on with her life.

Posted Saturday Nov 08