Jesus fricking christ. I've answered this 3 times now. my lender DID NOT make me purchase it. No title company in Houston would transact unless we bought the insurance.

quote:
There is no way to be 100% sure of ownership, even with the most diligent title examination money can buy. We've seen cases with deeds filed in authentic form (two witnesses and a notary) where the Seller's signature was a forgery.

What are we supposed to do? Call up every notary who signed an act in the chain of title and force them to produce photo ID's of the folks who signed in front of them? There are a million examples like this.

I get it man. you want to provide a professional service and charge professional services fees with no liability. We all want that. Not all of us are lucky enough to have such a big lobby group behind us jam this shite down our throats. I'm happy you get to make money on it, but you can at least admit its fricked up and an outlier.

This post was edited on 11/1/23 at 10:36 am

1 ...

Report Post

Posted by bricksandstones

Member since Nov 2015

1604 posts

Posted on 11/1/23 at 10:42 am to billjamin

Well I can't speak to your personal experience but it either smells like BS or some type of illegal business practice. We close cash deals all the time where no owner's policy is purchased. We do our job thoroughly as we always do, and simply warn Buyers of the potential disastrous consequences. We have liability in everything that we do as attorneys, that doesn't change with or without an Owner's Policy. Long story short, your anger is missplaced and you paint with far too broad a brush. I see that I won't convince you of anything, and I have work to get back to. I hope you have better experiences in the future.

1 ...

Report Post

O-T Lounge - Replies to Post

Return To Board

Page 1

Return To Board