Title Insurance
How can you get title insurance before you buy a property at an auction? Is this possible?
How can you get title insurance before you buy a property at an auction? Is this possible?
why???
Why do you want o do that for ?
No it is not. Only the owner and the lender can get title insurance on a property.
The reason I would want to do this is to protect myself from any title problems that may arise if I were to buy a property at an auction.
I would definately run a title search, but these can potentially be wrong sometimes. How does the option work? Would it protect me if I buy at an auction or is there no way to do this besides running a title search?
Thanks
farrisb - He said "opinion" not "option". You cannot get title insurance in conjunction with a foreclosure auction. That is part of the risk in this game.
You can lower your risk by learning how to do a basic search for liens yourself.
The ladies at the deed room have been helpful.
KEN