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Old 08-18-2008, 04:58 PM
 
Location: Athens, GA
76 posts, read 405,815 times
Reputation: 56

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Quote:
Originally Posted by Poltracker View Post
Not always.
The only exception would be a Condominium and in a few states the title company insures over with a Title Policy Endorsement, otherwise I do not recall ever funding a loan without a survey or the required Title Endorsement.
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Old 09-19-2009, 06:06 AM
 
Location: Ohio
5 posts, read 16,677 times
Reputation: 12
what about this..... "Lender Owned property. Seller not required to provide disclosure. Inspections must be done before writing an offer. VA will not pay for an owner's title policy. " .....what should i know/look out for? this kinda scares me. could it have liens/back taxes and things? could it be more money or trouble than its worth? how do i find out if they won't disclose?
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Old 09-19-2009, 06:13 AM
 
Location: Ohio
5 posts, read 16,677 times
Reputation: 12
Question question...

what about this..... "Lender Owned property. Seller not required to provide disclosure. Inspections must be done before writing an offer. VA will not pay for an owner's title policy. " .....what should i know/look out for? this kinda scares me. could it have liens/back taxes and things? could it be more money or trouble than its worth?
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Old 09-19-2009, 08:17 AM
 
Location: Houston area
1,408 posts, read 4,054,186 times
Reputation: 639
You are purchasing a foreclosure. The title company won't allow the purchase to go through if the title isn't clean. You do have to worry about the inspection and also be extremely sure you want the house. Based on the wording there will only be a few days for inspection if any and no option period.
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Old 07-10-2012, 11:46 AM
 
2 posts, read 5,503 times
Reputation: 10
Can a seller purchase Seller's Title Insurance? incase the seller has a lien which is following them?
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Old 07-10-2012, 11:50 AM
 
2 posts, read 5,503 times
Reputation: 10
can a seller purchase Seller's Title Insurance incase a lien is following them?
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Old 07-10-2012, 03:20 PM
 
Location: Pearland, TX
3,333 posts, read 9,174,639 times
Reputation: 2341
You can buy insurance for anything. Marlene Dietrich bought insurance on her legs back in the day. The question is, why would you want to.

Ronnie
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Old 12-27-2012, 10:31 AM
 
1 posts, read 2,665 times
Reputation: 10
I am selling raw land, and the buyer request the seller to pay for environmental assessment and also the title insurance. Is this the sellers obligation.
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Old 12-27-2012, 10:59 AM
 
Location: Houston/Brenham
5,819 posts, read 7,233,839 times
Reputation: 12317
Quote:
Originally Posted by marico View Post
I am selling raw land, and the buyer request the seller to pay for environmental assessment and also the title insurance. Is this the sellers obligation.
It's negotiable. If you think you are in a strong position, I'd tell the buyers if they want it done, they can do it.

However, if you are motivated to sell, you may do it to help push the sale along.

Or you could have the buyer pay for it, and IF they end up buying it, reimburse them at the close. That way you don't pay if they back out for some reason.
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Old 06-24-2015, 01:59 PM
 
1 posts, read 1,232 times
Reputation: 10
I am selling my home and during the negation's of the price we agreed on a price with the buyers covering the closing cost. In this case would the buyer be responsible for paying the Portion of the Owners Policy? The title company continues to add it to the HUD Statement.
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