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Ambassador
6,811,690
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Very important.

Oct 11, 2020 03:43 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is as important as a life preserver on a boat. Most of them are never used.
However, I am knowledgeable of the very smart person who bought their 11th property, this one at auction. Experience gave confidence to 'skip the fluff' and save the money. No inspection. No Title insurance. No Appraisal.
After all it was an auction and a real deal to get this 1.2 million waterfront condo for 650k. Paid cash. Well concealed in the documents was a mortgage for, you guessed it, 1.2 million.
This is one story in the midst of over 700,000 real estate sales in the Tampa Bay Region. How important is title insurance?

Oct 12, 2020 06:17 AM
Rainmaker
662,788
Jason E. Gordon
CMG Mortgage, San Diego, CA - Coronado, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

Mandatory if you are not paying all cash for the home.

Oct 12, 2020 07:14 AM
Ambassador
3,458,633
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

A lot of people don't like to pay for insurance and feel they don't need it ... until they do!

The answer is in the word INSURANCE. 

Oct 12, 2020 06:59 AM
Rainmaker
940,349
Jeff Pearl
Realty One Group Capital / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It can come in handy if a problem arises.

Oct 12, 2020 06:56 AM
Rainmaker
8,284,652
Roy Kelley
Retired - Gaithersburg, MD

Very important.

Oct 12, 2020 06:21 AM
Rainmaker
5,604,511
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Preserving the chain of title is essential to future conveyances.

Oct 12, 2020 05:41 AM
Rainmaker
1,290,039
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

To each his own Yet, I think it's important since you'll never know when a cloud on the title will pop up

Oct 11, 2020 05:12 PM
Rainmaker
1,598,552
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Very important.

Oct 12, 2020 12:52 PM
Rainmaker
1,119,752
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

IDK . . . do you want to make sure you know what you bought or are selling as legally described?

How about any surprise encroachments or encumberances?

How about some sleazy heir that shows up years later with a fake will?

I could go on, but I think now you see that title insurance is a NECESSITY rather than an option.

Here's where it goes on and on . . . 

Oct 12, 2020 07:48 AM
Rainmaker
2,264,380
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

Amen do you need insurance ?

Answer : Before you do 

Oct 12, 2020 07:30 AM
Ambassador
2,194,635
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Like any other insurance, it doesn't seem important enough until you need it. 

Oct 12, 2020 05:43 AM
Rainmaker
3,417,759
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is a must for any buyer, it protects the buyers interest and investment

Oct 12, 2020 05:27 AM
Rainmaker
882,677
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Like any insurance, it' importance is best embraced when it's needed. 

Oct 12, 2020 04:32 AM
Ambassador
5,220,660
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

You don't want to find out the hard way...when you really need it!

Oct 11, 2020 08:12 PM
Rainmaker
2,071,336
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Very-very, Andres Lattanzio 

 

Oct 12, 2020 01:48 PM
Rainmaker
5,774,223
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andres,

Super, Very Important, and Wayne Martin said it perfectly!  A

Oct 12, 2020 07:49 AM
Rainmaker
2,886,102
Richard Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Like all insurance, they pay for themselves when needed. Until then, it is part of the cost of doing business helping to offset potential unknown risk loss

Oct 12, 2020 06:08 AM
Rainmaker
1,551,170
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Like any insurance, great if you need it.

Oct 11, 2020 06:51 PM
Ambassador
2,137,974
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

Just like Auto or Home insurance.  It's a total waste of money... until the day when it's not.  And then it's worth its weight in gold.

Oct 11, 2020 05:58 PM
Rainmaker
678,284
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

I did a LIVE & LEARN blog on a real life reason why you should always take the Title Insurance !

Oct 12, 2020 07:16 PM
Rainmaker
1,498,039
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Title insurance is very important! I would never suggest to my client to not have title insurance. If a claim surfaces that the title to your property (your home) is in question, you want the support of your title insurance company to fight for you.

Note: if the purchase of a property is financed, there will be two title insurance policies: one for the owner and one for the lender who will insist that their collateral (the property) is protected by title insurance. If it is important for the lender to have their interest protected by title insurance, you can bet it is in the owner's best interest also.

Oct 12, 2020 08:20 AM
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