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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Buying title insurance. Posted by Ward-CA- on March 06, 2004 at 9:52 PM In Reply to: Title Insurance for Auction Purchase posted by Kelly in Cali on March 06, 2004 at 3:33 PM : Hi Ward, : Is it possible for an investor to get Title insurance when buying a property at an auction? Since an investor doesn't know if he/she will get the property, because of either being out bid or because the property auction has been delayed, etc., how can an investor get title insurance on a particular property before they get it at an auction? Is there some type of pre-title insurance for auction property buyers? Also what if they plan on bidding on multiple properties? Should they try and secure title insurance for each property. Finally, if there is no way to get title insurance before the auction, suppose an investor is successful at purchasing a property at the auction. When should they get title insurance? Is this a different form of title insurance and do you recommend it? And, are there only certain title insurance companies that will lend on property that has been already purchased?...and purchased at an auction? : Thanks in advance!! : Kelly ========================= Kelly, Title insurance isn’t available to any bidder prior to a foreclosure auction. And buying it after the auction sale, when you’re already in title, won’t do you any good either. So you won’t be involved with title insurance until you’re refinancing or reselling the property. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : : Is it possible for an investor to get Title insurance when buying a property at an auction? Since an investor doesn't know if he/she will get the property, because of either being out bid or because the property auction has been delayed, etc., how can an investor get title insurance on a particular property before they get it at an auction? Is there some type of pre-title insurance for auction property buyers? Also what if they plan on bidding on multiple properties? Should they try and secure title insurance for each property. Finally, if there is no way to get title insurance before the auction, suppose an investor is successful at purchasing a property at the auction. When should they get title insurance? Is this a different form of title insurance and do you recommend it? And, are there only certain title insurance companies that will lend on property that has been already purchased?...and purchased at an auction? : : Thanks in advance!! : : Kelly : ========================= : Kelly, : Title insurance isn’t available to any bidder prior to a foreclosure auction. And buying it after the auction sale, when you’re already in title, won’t do you any good either. : So you won’t be involved with title insurance until you’re refinancing or reselling the property. 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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