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re: Real estate attorneys: is title insurance needed?
Posted on 1/16/14 at 9:47 pm to LSURussian
Posted on 1/16/14 at 9:47 pm to LSURussian
Short answer:
1. Forgeries
2. Fraud
3. Unmentioned babies
4. 3 year limitation on legal malpractice
There are certain thing that can't be seen. After 3 years, you can't sue the attorney. Owner's title is effectively an extension of prescription. I don't do a ton of real estate (although my firm does), but I never push it. We have to present the option, and that's what I do. If I've done 100 closings in the past 2 years, I've had maybe 3 people buy it.
ETA: I don't have it on my residence and probably never will.
1. Forgeries
2. Fraud
3. Unmentioned babies
4. 3 year limitation on legal malpractice
There are certain thing that can't be seen. After 3 years, you can't sue the attorney. Owner's title is effectively an extension of prescription. I don't do a ton of real estate (although my firm does), but I never push it. We have to present the option, and that's what I do. If I've done 100 closings in the past 2 years, I've had maybe 3 people buy it.
ETA: I don't have it on my residence and probably never will.
This post was edited on 1/16/14 at 9:48 pm
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