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Title Insurance Question

Discussion in 'BBS Hangout' started by tolne57, Jun 19, 2007.

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tolne57 Contributing Member

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Why do you have to get Title Insurance for a new home? There aren't really any previous owners are there?

Also, I know that the Title Insurance has a set rate in Houston (Texas?) Does anybody know what it is?

#1 tolne57, Jun 19, 2007

codell Contributing Member

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title insurance covers the land also. It protects the owner and mortgagor against claims on the deed.

You don't have a choice unless you are paying cash. Your lender will require it.

#2 codell, Jun 19, 2007
tolne57 Contributing Member

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Ah, land! I forgot about that. I guess understand why you have to pay it, it's just so expensive!

#3 tolne57, Jun 19, 2007

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