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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: title companies insure... Posted by Rick Harmon on August 14, 2003 at 8:47 PM In Reply to: title companies insure... posted by rick on August 14, 2003 at 7:22 PM : When banks lend money to someone to buy a property via FHA, or Conventional, do they require the Buyer to get Title insurance? Or is that an option that the buyer has if he wants to? Rick, If you BUY a property you'd typically get an OWNER's title policy along with a LENDER'S policy which insures your mortgage company against title-related losses. The lender part is NOT an option unless you have some kind of private money or seller carryback financing which permitted no lender insurance. I've never seen it happen that way in 25 years of doing this stuff. Also, wanted to make sure someone didn't confuse your posting for me since several weeks ago an innocent posting by you created some smart-aleck emails that somehow were redirected to "this" Rick. I'm the guy that lends money to dead people. Hope this helps Rick Harmon Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : When banks lend money to someone to buy a property via FHA, or Conventional, do they require the Buyer to get Title insurance? Or is that an option that the buyer has if he wants to? : Rick, : If you BUY a property you'd typically get an OWNER's title policy along with a LENDER'S policy which insures your mortgage company against title-related losses. : The lender part is NOT an option unless you have some kind of private money or seller carryback financing which permitted no lender insurance. I've never seen it happen that way in 25 years of doing this stuff. : Also, wanted to make sure someone didn't confuse your posting for me since several weeks ago an innocent posting by you created some smart-aleck emails that somehow were redirected to "this" Rick. I'm the guy that lends money to dead people. : Hope this helps : Rick Harmon 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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