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Updated over 5 years ago on . Most recent reply

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86
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Kyle Bergren
  • Las Vegas, NV
38
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86
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Anyone refer a Title Agency who will execute w/o Owner Policy?

Kyle Bergren
  • Las Vegas, NV
Posted

Hey Team LA, I'm buying FSBO home from a friend who is an extremely low risk seller and its been challenging finding an agency who will execute a transaction without forking an extra $2k on an owner title policy. My lender does not require it. Any investors had challenges with this? Any referrals for a flexible title company?

Most Popular Reply

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,084
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

This should not be hard to find at all. Owners title insurance is optional. Is it possible you are confusing this with lenders title insurance which is required by a lender?

Also, very common title defects include transposed numbers or letters in documents in the land records....that has nothing to do with the risk of the individual selling you the property.

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