It's a stupid policy because you're supposed to insure it appropriately and the best FMV estimate may be the appraised value.

And to answer an earlier question, if the LLC members were identical to the individual owners, there would be no need for a new title insurance policy.

Assume that the same GP was made in all 3 cases.On the $100K house the buyer calls a lender, gets his loan, you pay your end of closing costs and legals, provide him with a title policy, repair the things that the inspector found and pocket whatever's left.On the $25K houses, there will be no bank involved.

You have to make sure the underlying business makes sense, has trustworthy management, and you purchase the companies at a significant discount that you have a good margin of safety.

I appreciate the information...This forum is very informative and I will value its resources....to answer your question Wheatie about the safety of property ownership in Mexico...

They are obviously giving me paid leave(wcb) but I am wondering if I should take any legal action, or is there nothing I can do.They know they are at fault because my supervisor has been suspended for lack of leadership in safety, basically taking care of his crew.

It is a subject-to deal with the 1st mortgage remaining in place (by definition you might say).They title commitment just lists the existing 1st as an exception to the policy.If a title company will not issue a policy with an exception then maybe they have other concerns about the deal, the title and the overall process.

You get a title policy with similar exceptions.

Keep his life insurance policies current and put them into a life insurance trust for the benefit of her and her children.

Go to your local courthouse/government offices and find out what the policy is in your area.Good Luck,Mike