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Updated almost 10 years ago,

User Stats

46
Posts
6
Votes
Octavia D.
  • Investor
  • Irving, TX
6
Votes |
46
Posts

Why do a Title search when it's already been recently done by another?

Octavia D.
  • Investor
  • Irving, TX
Posted

Why do a Title search when it's already been recently done by another?

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Many explain "double closings" as going through title twice and paying all the fee's again. My question is why is the title search, inspection, appraisal, etc. necessary when it's already been done before the transfer of title? 

Yes some sellers can lie about their property and have read that asking a seller for their reports of recent title checks, inspections and such is not allowed and one has to get their own done. Probably so the title companies, inspectors and others involved can keep making money when checking a property (regardless of how many times they know it's clean). 

Or someone might ask for something specific when checking title on that property that hasn't been looked at. My point is.........what's the point LOL! and are there some (recent owners or rehabbers) ok with giving a new buyer recent reports of the properties title and inspections so as to avoid all the fee's.?

Octavia

...................30 minutes later................

Oh my goodness LOOL!, I actually forgot to finish this post due to talking in a chat on my phone hehe. Sorry.

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