Mama Liz Says --Another Reason for Owner's Title Insurance

originally posted on Real Estate Brokerages

Another true story from Charleston, SC.

Sellers and Buyers were at the closing table to close on a transaction. The attorney asked the sellers and buyers for identification. The buyers provided driver's licenses and the male seller provided his and the female seller got up and walked out.

You see, she was not the seller's wife, but the girlfriend. Had that attorney not found that out before the closing and the real wife had come back later to claim her half of the property --- guess what?

If this buyer couple had closed and not gotten owner's title insurance, they would have been in a lot of trouble.

These 2 situations that I have told you about were prevented, so all was well.

My next story tomorrow did not turn out so nicely.

Owner's title insurance is a necessity.