Title insurance is typically purchased for a one-time payment, and rather than hedging against the risk of future loss like most insurance policies, this feast secure as a safeguard against financial or legal risk arising from defects in land title not detected during the search.

There were no material defects observed in the visible portions of the floor structure.

Same as a toilet, if there is a defect in the property thats on you.

Title insurance protects the owner from defects in title.

Defective new products are actually common, and it is possible a cartridge could spray water into the unit so, it was certainly something that needed to be addressed fast.As far as the PM well, you get what you pay for.

I was sued for failing to disclose a defect in a house I sold.

Maybe I need to get a home inspector to write up all the property defects and give that to the new appraiser

FHA will only say something if roof shows defects or needed repairs.If your selling in 2 years go with overlay BUT make sure you get new pipe boots and flashing around chimneys etc.The fact that they are offering 3 tab raises a red flag to me.

@Sarah DawsonTitle defects

Ifthe property is sold without discharge or release of the lien, the subsequent owner must pay the pastdue taxes and obtain a release from the IRS or risk losing the property for non-payment of taxes.As with past due ad valorem taxes, the usual method to obtain a discharge or release of a federal taxlien is to pay the past due taxes unless the statute of limitations applicable to the lien has expired orthe lien is otherwise defective or unenforceable.