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bryris
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| Posted: 08 Jul 2009 at 13:22 | IP Logged
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In Gleim it states that title insurance only protects you from recorded liens.
I thought title insurance was meant to protect you from unrecorded liens. Why else would one get it? If the title insurance company conducts a public record search for recorded liens and comes up dry, what are they insuring? There is nothing to insure.
However, if a prop is purchased by a BFP that is later revealed to have a lien on it, would the title insurance company then have to pay the claim?
I don't get it. :(
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caixinran
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| Posted: 08 Jul 2009 at 14:02 | IP Logged
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Title insurance only protects you from recorded liens.
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bryris
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| Posted: 08 Jul 2009 at 14:12 | IP Logged
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I figured as much. :)
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Topic: Title insurance
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