About Title Insurance

[Kenneth Liz]

So in the contract I just signed for my first property they seller is offering me title insurance through one of their titles insurance companies or I have the option of getting my own. Any suggestions on if I should take what they are offering or should I play It safe and get my own company. This home is bank owned after foreclosure. Any insight would be great.

[Wayne Brooks]

I ALWAYS recommend buying your own title insurance, 2 reasons.....

1) it’s not really free, their title adds a bunch of extra junk fees

2) more importantly, they commonly do not do a Full search for many unrecorded liens you can get stuck with....utility charges, code violations, etc. These will be excluded in the B section Exceptions. 

And yes, their communication and service typically sucks.