Posted by Bud Branstetter on November 12, 1998 at 12:47:11:
If I were given the deed to the property and had no equity-just monthly cash flow I might just run an abstract of title. If I have cash or equity to protect it is insurance and does give you some protection. If it doesn’t cost me why wouldn’t I want it. Lawsuits to collect on bad deeds can be expensive and take years. That is why the general rule is GET TITLE INSURANCE.
Is Title insur. needed with Gen.Warranty deed? - Posted by Tim
Posted by Tim on November 11, 1998 at 20:36:41:
The answer to my question is probably obvious to many experienced investors but I am wondering if I still need a title insurance even when a property is conveyed with a General Warranty deed. The General Warranty Deed is supposed to provide the greatest protection. If that is the case, is title insurance redundant with General warranty deed purchases?
Thanks for the responses
Tim