Posted by William Bronchick on February 14, 2002 at 16:06:53:
You would have trouble getting title insurance on a transaction you already did, but not on future transfers.
Kitchen Table or Title Co.? - Posted by NH
Posted by NH on February 12, 2002 at 16:19:04:
My attorney friend just about has me convinced not to do a kitchen table close on this. (This would be my second deal so I am no expert)
Buying house subject to an assumable mortgage (orig 1985)
Home is in the sellers Family Trust.
Home will be rehabbed and held for approx 6 months.
My friend is no expert in Real Estate but talked to a friend of his that supposedly is a Real Estate Attorney. He said that I would have trouble getting title insurance without a formal closing?
I don’t see why it would prevent title insurance from being issued. Please any comments appreciated.