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Updated about 15 years ago on . Most recent reply

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Insurance

Is title insurrance necessary if you pay cash for a forclosed single family home?

Rey Francis
Posted

Just as the title says. Any help would be appreciated.

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Rich Weese
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Rich Weese
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Rich Weese#2 Off Topic Contributor
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

I might be splitting hairs here, but anyway... I buy a lot of homes on courthouse steps. I do not have title insurance on them until I sell. Your question says "Foreclosed" so I assume that means you're purchasing AFTER the buyer(bank or investor) bought at the sale. I agree they'd need ti at that time. I've never encountered a problem buying at courthouse and NOT getting title insurance. Rich.

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