Philadelphia Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Title insurance commiment question
Hi Biggerpockets
I am in the process of closing my first investment property in philadelphia. Received the title insurance commitment file from the title company in which there is a section called "EXCEPTION". Under the exception part, it states that the title insurance does NOT cover any unrecorded liens and etc that may emerge. Is this normal? I thought the whole purpose of purchasing a title insurance is to protect buyer's best interests. The second question is that if this is the standard situation, what are some possible situations or scenarios that belong to unrecorded liens or problems that the insurance does not cover?
Thank you for your support!