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Personal Finances / Buying or Selling a Home
|Subject: Title Insurance - a rip-off?||Date: 4/3/2000 10:25 PM|
|Author: yingsu10||Number: 10414 of 128459|
I am buying a new home for cash, thus, there is no mortgage company to insist I get title insurance.
It appears to me that title insurance is a major rip-off by the title companies. I think they charge something like $500 for insurance that just about never has to pay off.
I am buying a new home in a development being built by a nation wide development company. If my title has a problem, it looks like the whole development would have a problem. If there was a problem, when my neighbors win their court case I win mine.
Any thoughts? Does some company sell title insurance for a more reasonable price?
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