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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] hey ward Posted by leamichael on December 23, 2001 at 6:17 PM In Reply to: Re: Save your money and go get another one. posted by Ward-CA- on December 23, 2001 at 12:13 AM : : hey pros, hope you all have a great christmas. we were the high bidder on a reg foreclosure and we're debating whether or not to do a closing for the sole purpose of getting title insurance. we feel comfortable with our research on this property as we have on others but those were tax foreclosures. with a regular foreclosure should we obtain title insurance as a precautionary measure even though we've done the title work and feel comfortable with it and if so is a closing with an attorney necessary to obtain title insurance? fyi;the house was new in '86, sold 4 times, all sales were simple and straight forward with closings. thanks : =•=•=•=•=•=•=•=•=•=•=•= : Lea, now that you own the property the condition of its title is moot. Any title insurance you buy now, after you gone into ownership, is not going to protect you from any title impediments that might have come with said title transfer. : So save your money because buying title insurance now is like bolting the barn door after the horse was stolen. : Congratulations on your successful purchase and don’t worry about it. Ward, thanks for the reply however we have not taken title yet. the tenth day was friday and we were at the clerks office close of business(no upsets). so we now have the choice of just taking the trustees deed or doing a closing and getting title insurance. at this point have we still missed out on getting title insurance and/or is it even necessary? thanks again Follow Ups: Re: Here are my thoughts on title insurance at this point. Ward-CA- 12:01 AM, 12/24/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : hey pros, hope you all have a great christmas. we were the high bidder on a reg foreclosure and we're debating whether or not to do a closing for the sole purpose of getting title insurance. we feel comfortable with our research on this property as we have on others but those were tax foreclosures. with a regular foreclosure should we obtain title insurance as a precautionary measure even though we've done the title work and feel comfortable with it and if so is a closing with an attorney necessary to obtain title insurance? fyi;the house was new in '86, sold 4 times, all sales were simple and straight forward with closings. thanks : : =•=•=•=•=•=•=•=•=•=•=•= : : Lea, now that you own the property the condition of its title is moot. Any title insurance you buy now, after you gone into ownership, is not going to protect you from any title impediments that might have come with said title transfer. : : So save your money because buying title insurance now is like bolting the barn door after the horse was stolen. : : Congratulations on your successful purchase and don’t worry about it. : Ward, thanks for the reply however we have not taken title yet. the tenth day was friday and we were at the clerks office close of business(no upsets). so we now have the choice of just taking the trustees deed or doing a closing and getting title insurance. at this point have we still missed out on getting title insurance and/or is it even necessary? thanks again 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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