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Updated about 1 year ago on . Most recent reply

Kevin K.'s profile image
Kevin K.'s profile image
Kevin K.
  • from Willowbrook, Illinois
  • Member since Sep 2, 2014
Connect

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39
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Kevin K.'s profile image
Kevin K.'s profile image
Kevin K.
  • from Willowbrook, Illinois
  • Member since Sep 2, 2014
Connect
Kevin K.
  • Willowbrook, IL
4
Votes |
39
Posts
Buying & Selling Real Estate

Lender's title insurance..

Kevin K.
  • Willowbrook, IL
Posted

Quick question guys,

Is it standard practice to have the buyer purchase lender's title insurance? I'm buying a HUD condo and the title company is telling me that I'm to pay for the lender's title insurance as well my own title insurance and I'm not sure how that works. If I don't have the title as the owner, I'm paying insurance on it for..?? The lender has the title.. so why do I pay for both? Please help.

Thanks

Kevin

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