Title Insurance, Yes or No

[John Reid]

Hello BP friends,

I have a question about Title Insurance, do you guys recommend getting it? if so what were your reasons for getting it, If not, what are your reasons for not getting it. I am leaning towards getting it because it is not expensive. 

[Andrew K.]

Hey John Reid , good question. I just bought a VA foreclosure and still opted for title insurance. As you said, it's inexpensive and you gain peace of mind that you're likely not going to take title to a property with hidden issues.

A REO foreclosure is supposed to have all liens and cloudy title issues cleared up before the seller offers it up for sale. Again, get title insurance so you don't pay for someone else's mistake/oversight.

Good luck!

-Andrew