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Updated almost 7 years ago on . Most recent reply

Mark Schmidt's profile image
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Mark Schmidt
  • Investor
  • from Clovis, California
  • Member since Sep 15, 2015
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Mark Schmidt's profile image
Mark Schmidt's profile image
Mark Schmidt
  • Investor
  • from Clovis, California
  • Member since Sep 15, 2015
Connect
Mark Schmidt
  • Investor
  • Clovis, CA
9
Votes |
30
Posts
Buying & Selling Real Estate

Do I need Lenders Title Insurance??????

Mark Schmidt
  • Investor
  • Clovis, CA
Posted
We are selling our rental and doing seller financing. The buyer is getting title insurance. What are the benefits for us as the lender if we get lenders title insurance? Thank you.
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Ignore the fact that this is owner financing. 100% of residential lenders require lenders title insurance coverage on a 1st trust. I can bore you with the "why" if you like. Your buyer will get a discount for simultaneous owners/lenders.

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