Home Buying in Buffalo>Question Details

John, Home Buyer in New York, NY

I'd like to buy a condo from the sponsor for cash. Do I still need title search and/or insurance?

Asked by John, New York, NY Thu May 22, 2008

Help the community by answering this question:

Answers

2
John, I wouldn't buy anything at all without title insurance. It's your assurance that any liens or encumbrances unknown to you will be uncovered. Moving in only to discover a previous encumbrance that is now your responsibility to clear up could be costly. Opinion.
Web Reference: http://optionsrealty.com
1 vote Thank Flag Link Wed Aug 20, 2008
Many times, the title insurance company is chosen “by default” by a mortgage broker or realtor, and many buyers don’t realize that there are other options out there. While the premium for title insurance is usually paid only once, at closing, the differences in costs from one insurer to the next can be significant. As with any insurance purchase, its advisable to consider all your options and choose the title insurance policy that best suits your needs.

Contact title insurance companies in your area, http://www.FreeTitleQuote.com
0 votes Thank Flag Link Sun Jul 13, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer