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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Title insurance isn't an option. Posted by Ward-CA- on February 10, 2002 at 3:28 PM In Reply to: Lack of Title Insurance posted by Kal Tomba on February 09, 2002 at 11:21 PM : Hello All, : How can the lack of title insurance hurt you at a trustee sale? : Also how long after the winning bid, does the bidder receive an official title. : THANKS =•=•=•=•=•=•=•=•=•=•= Kal, first of all it’s not possible to buy title insurance before you buy a property at a trustee’s sale. I guess you could buy a title report for $300 or so, but that would be wasted if you didn’t actually end up getting the property at the sale. So the pros either learn how to research the title record down at their county recorder’s office, such as I have, or develop a close relationship with a title company as a loyal customer worthy of special privileges. I have never made a title mistake in all my 20 years in the business—that's how reliable the county recorder's records are. So for unparalleled accuracy that's free, I'll stick with the official record at the Recorder's Office. The trustee’s deed is usually forthcoming from the trustee within 10 days of the trustee’s sale. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello All, : : How can the lack of title insurance hurt you at a trustee sale? : : Also how long after the winning bid, does the bidder receive an official title. : : THANKS : =•=•=•=•=•=•=•=•=•=•= : Kal, first of all it’s not possible to buy title insurance before you buy a property at a trustee’s sale. I guess you could buy a title report for $300 or so, but that would be wasted if you didn’t actually end up getting the property at the sale. : So the pros either learn how to research the title record down at their county recorder’s office, such as I have, or develop a close relationship with a title company as a loyal customer worthy of special privileges. : I have never made a title mistake in all my 20 years in the business—that's how reliable the county recorder's records are. So for unparalleled accuracy that's free, I'll stick with the official record at the Recorder's Office. : The trustee’s deed is usually forthcoming from the trustee within 10 days of the trustee’s sale. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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