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Updated over 7 years ago,
Assignment of Title Insurance Policy
Does anyone have any experience with the assignment of rights under a title insurance policy?
Basic facts are that property purchaser bought a condominium unit that subsequently fell into litigation over the validity of an old deed of trust on the unit. Purchaser subsequently died and his estate is now in probate. I am interested in purchasing the unit from the estate, including any rights under the title insurance policy (the property was supposedly sold free and clear to purchaser, but the outstanding lien will implicate the title insurance policy).
Is it possible for me to purchase the property and also become the beneficiary under the deceased's title insurance policy?