It is an additional fee, but it insures your family members retirement against any potential title defects up to the full loan amount (assuming it is beyond your purchase price).

I sent her an e-mail saying that it was not a defect, was user caused and asked her what she thought a fair resolution would be.

In the event he does not cure the lien you cancel the contract and get your EMD back for default of the seller.The seller has no recourse against the title company, he likely signed a document agreeing that the property is free and clear, which it is not and a document which says he will cure any material defects with the sale.

Attorney said it would mainly protect from Debt or general liability, not much from any issues which the buyer would sue after closing such as non-disclosure or home defects.

They might not even find the defect and you could wait until after closing.

If you are unable to obtain title insurance, it is likely that the experts at the title company found a defect in your title.If Nationstar sold you the house when they didn't even own it, you MIGHT have a case to sue to get your purchase price back, if they refuse to return it voluntarily.

In states with longer and short foreclosure timelines or with assets that have higher capitalization demand for legal or physical defects, that number will go up and down.The price is relative to the asset and state the asset is in. 50% in Detroit is not so great on lower level assets and 50% in Texas is too low as foreclosure is a little faster there.

Sometime you can find some good deals via discount / clearance roomMake sure locate the defects before purchasing Some can be very minor or majorTry also getting a few more bucks off of your purchases or my favorite free deliveryI personally check here locally:~~~~~~~~~~~~~~~~~~~~~Home depot American televisionColder’sSteinhafelsSear’s - main distribution center –LowesMost likely they will not offer deferred payments option, fyi

I've been waiting 5 weeks for my f'd up local bank BCB to give me a GFE on a refi they hold the note on, after dealing with f'd up PNC and their refusal to correct an absurdly defective appraisal (sq ft under by 20%).

Discounts on REO, especially step discounts are derived from property condition or title defects.