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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved