Getting higher rents here too!
"NEAL KNOWS LOS ANGELES AREA REAL ESTATE"
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
There are two types of insurances, CLTA and ALTA. They provide two different coverage basically CLTA is for the title protection for example against forgery, and ALTA is for boundaries, encroachments, etc. Therefore, it is not a double whammy.
Lenders generally require a title policy to protect their interests. As a buyer you want the title policy to insure you received what you paid for. And the Seller generally prefers a policy because he/she is protected from any past item surfacing. Since they are protecting different parties they are different policies. Further by having different policies it spreads the risk which often lowers the cost.