Wednesday, March 21, 2007

query: refuse to pay title insurance

Well, if you are paying cash for the property, that's an option, but I would advise against it.Most mortgage lenders will require a loan policy and they expect you to pay for it.In Pennsylvania, we are required to issue an owner policy in a purchase transaction unless you affirmatively say you do not want it. We are expected to assume that you DO want an owner title policy. Want to know why?

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