Posted by Ron Ohara on January 13, 2001 at 13:43:51:
Your best bet is to contact a Title Company in that County and State to see if Contract for Deeds are insurable.
Any time you are purchasing with a Contract for Deed, you should always obtain a Title Insurance Search.
On one transaction that I was purchasing, after receiving the Title Search, it was discovered the last 5 owners to the subject property all purchased under a Contract for Deed. The hardest part in purchasing this Contract was trying to locate the original owner of the property and all subsequent owners thereafter.
As it went down, our Seller was paying to the Seller in which he purchased and so on and so on.
If a Contract for Deed is recordable in that County, it should be insurable. Speak to you local Title Company and they should inform you right away.
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