Posted by Stacy (AZ) on January 20, 2000 at 23:13:14:
Bob replied to me via email, and I hope he doesn’t mind me summarizing. He is buying new houses, never owned by anyone before. His two advisors (both lawyers who own their own title companies) agreed that title insurance wasn’t necessary.
This is the one case I considered safe before I posted my question, but I’m sure there are others. Scott, I’m guessing from your post that you have experience with title searches and an understanding beyond mine. Can you help me understand a little better? Do you, for example consider your search good enough, or maybe that the odds are so far against a title problem that you’re willing to accept the risk?
Any advice for me regarding title searches and insurance, having been doing this for only two years?
Thanks in advance-