Home Buying in Alum Rock>Question Details

pam, Home Seller in 95148

Is it the best idea to buy title insurancefor forclosure home at auction?

Asked by pam, 95148 Sat May 12, 2012

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3
Steve Quintana’s answer
The general rule is yes, it is best to buy title insurance when making a real estate purchase.

The title insurance company does the background title work to make sure you get clear title, and then they guarantee their work with an insurance policy.

Most people do not have the time, skill or background to do their own title work so it makes sense to let the title insurance company do this work.
0 votes Thank Flag Link Mon May 21, 2012
Hi Erika,

From my understanding is NO title company will sell your title insurance for foreclosure homes at auction. You can call title company near your home and check for yourself.

Gabriel Nguyen
1-STOP Realty Group
900 E. Hamilton Ave. #100
Campbell, CA 95008
(408)426-1441
0 votes Thank Flag Link Sat May 12, 2012
MOST DEFINATELY, the cost of title insurance is minimal cpomapred to the cost oif a deed problem or problem with the foreclosure is found later., It is actually recomended for all purchases.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sat May 12, 2012
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