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Updated over 12 years ago on . Most recent reply

User Stats

52
Posts
5
Votes
Jesus Villarreal
  • Investor
  • Abilene, TX
5
Votes |
52
Posts

Need help ! Tia

Jesus Villarreal
  • Investor
  • Abilene, TX
Posted

I'm trying to purchase a home from an investor who is wanting to close the deal ASAP . It's taken about a month for my home equity loan to come In and the seller is only giving me until Friday . I've shown him the cashiers check and I've told him that I want a title policy. I've learned through his recommended title co that he himself closed(last month) with his funds and purchased a title policy for the property. Given this, should I still get a title policy?

Also, would not having a title policy hinder me from selling the property? Sellers policy states insured for 14k he is selling to me for 18k.

Is the14k his purchase price? I've contacted his escrow attorney and he stated it would take another 7 days to rewrite .

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