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re: Buyer's Title Insurance
Posted on 1/20/17 at 7:58 pm to Neauxla_Tiger
Posted on 1/20/17 at 7:58 pm to Neauxla_Tiger
The closing attorney is excellent at real estate and will provide his title opinion.
The mortgage company is requiring that we pay for their title insurance.
The buyers insurance is optional.
The mortgage company is requiring that we pay for their title insurance.
The buyers insurance is optional.
2
Posted on 1/20/17 at 9:03 pm to ItzMe1972
my understanding is that the buyers coverage covers the amount of the down payment. so if you have an issue, the loan amount is covered but the buyers down payment amount is not. Read the title report. If the only loan for your original owner is their first loan then you should be fine. The first loan would have never been made if there were issues with the development. 
Posted on 1/21/17 at 12:43 pm to ItzMe1972
The additional expense fow owners coverage in minimal when buying lenders title insurance.
I would never skip on the title policy.
Just my opinion.
I would never skip on the title policy.
Just my opinion.
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