title insurance? seller-f
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title insurance? seller-f (by Lauren IN [IN]) Nov 18, 2022 2:34 PM
       title insurance? seller-f (by Ken [NY]) Nov 18, 2022 2:42 PM
       title insurance? seller-f (by Lauren IN [IN]) Nov 18, 2022 3:25 PM
       title insurance? seller-f (by Ken [NY]) Nov 18, 2022 4:23 PM
       title insurance? seller-f (by 6x6 [TN]) Nov 18, 2022 10:06 PM
       title insurance? seller-f (by Ken [NY]) Nov 18, 2022 10:36 PM
       title insurance? seller-f (by Robin [WI]) Nov 19, 2022 7:44 AM
       title insurance? seller-f (by 6x6 [TN]) Nov 19, 2022 8:02 AM
       title insurance? seller-f (by Nicole [PA]) Nov 20, 2022 12:30 PM
       title insurance? seller-f (by 6x6 [TN]) Nov 20, 2022 8:02 PM
       title insurance? seller-f (by Ray-N-Pa [PA]) Nov 20, 2022 9:58 PM
       title insurance? seller-f (by Lauren IN [IN]) Nov 21, 2022 3:16 AM
       title insurance? seller-f (by Sir Walter [NC]) Nov 21, 2022 5:02 AM
       title insurance? seller-f (by Sir Walter [NC]) Nov 21, 2022 5:02 AM
       title insurance? seller-f (by Nellie [ME]) Nov 21, 2022 9:57 AM
       title insurance? seller-f (by Ray-N-Pa [PA]) Nov 21, 2022 1:20 PM
       title insurance? seller-f (by mike [CA]) Nov 29, 2022 6:23 PM

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title insurance? seller-f (by Lauren IN [IN]) Posted on: Nov 18, 2022 2:34 PM
Message:

Does the seller need title insurance on a seller-financed deal (with note and mortgage)? Seems like they wouldn't since they already got title insurance when the bought it. I am the buyer in this deal. Seems like the title company is just trying to sell more title insurance. There is no other lender involved (and a hefty cash down payment for 1/2 purchase price). --107.221.xxx.xx




title insurance? seller-f (by Ken [NY]) Posted on: Nov 18, 2022 2:42 PM
Message:

You are the one who should be wanting a title policy and the seller should be requiring as part of the deal that you buy it --74.77.xx.xx




title insurance? seller-f (by Lauren IN [IN]) Posted on: Nov 18, 2022 3:25 PM
Message:

As the buyer I am getting title insurance, but the question is whether the seller needs title insurance as the "lender" on a seller-financed deal (in case of any confusion). --107.221.xxx.xx




title insurance? seller-f (by Ken [NY]) Posted on: Nov 18, 2022 4:23 PM
Message:

Yes and he should be requiring you to pay for it --74.77.xx.xx




title insurance? seller-f (by 6x6 [TN]) Posted on: Nov 18, 2022 10:06 PM
Message:

I'm confused. Why would the seller need title insurance, and why should the buyer pay for it? --73.113.xxx.xxx




title insurance? seller-f (by Ken [NY]) Posted on: Nov 18, 2022 10:36 PM
Message:

6x6 Seller being the lender requires the buyer to pay for a lenders policy,if the buyer wants the deal they will pay for it. if the buyer gets a mortgage with any regular lender like a bank they will pay for it also so nothing extra they wouldnt pay for otherwise.In a mortgage the borrower guarantees to the lender that the title is good and pays for a policy to back it up so in a typical seller financed deal the buyer is actually guaranteeing to the lender being the seller that the title is good,i realize that sounds backwards but that is how it works --74.77.xx.xx




title insurance? seller-f (by Robin [WI]) Posted on: Nov 19, 2022 7:44 AM
Message:

That title insurance protects YOU. How do you know there isn't some lien on the property that the seller hasn't told you about? It's not that expensive. --104.230.xxx.xxx




title insurance? seller-f (by 6x6 [TN]) Posted on: Nov 19, 2022 8:02 AM
Message:

Thank you, Ken --73.113.xxx.xxx




title insurance? seller-f (by Nicole [PA]) Posted on: Nov 20, 2022 12:30 PM
Message:

6x6 in this situation, the original question wasn't phrased correctly. The LENDER is requiring the title insurance, not the seller. The lender and the seller happen, in this instance, to be the same. --98.237.xxx.xx




title insurance? seller-f (by 6x6 [TN]) Posted on: Nov 20, 2022 8:02 PM
Message:

Thank you, Nicole --73.113.xxx.xxx




title insurance? seller-f (by Ray-N-Pa [PA]) Posted on: Nov 20, 2022 9:58 PM
Message:

Banks require title insurance. Do you think you are better than they are as a lender? The buyer pays for this so why are you cheating yourself to save the barrower some money --24.101.xxx.xxx




title insurance? seller-f (by Lauren IN [IN]) Posted on: Nov 21, 2022 3:16 AM
Message:

I don't understand why the seller would need to get another title insurance policy because they already got one when they bought the property, and they have owned it the entire time (until the moment that they sell to the buyer with seller financing). So if they got title insurance as the lender, it would be for the time that they've owned it (??)

The seller's original title policy would cover them for anything prior to their ownership. --107.221.xxx.xx




title insurance? seller-f (by Sir Walter [NC]) Posted on: Nov 21, 2022 5:02 AM
Message:

Lauren, there are two types of title insurance, lender's and owners. It would be judicious to have the right coverage. --154.21.xx.xxx




title insurance? seller-f (by Sir Walter [NC]) Posted on: Nov 21, 2022 5:02 AM
Message:

Lauren, there are two types of title insurance, lender's and owners. It would be judicious to have the right coverage. --154.21.xx.xxx




title insurance? seller-f (by Nellie [ME]) Posted on: Nov 21, 2022 9:57 AM
Message:

You want the title insurance that covers you. When you get a bank loan you pay for the banks title insurance as part of closing. That covers things for them, but not you. You want to specifically covers you in addition to what the bank requires. --76.179.xxx.xx




title insurance? seller-f (by Ray-N-Pa [PA]) Posted on: Nov 21, 2022 1:20 PM
Message:

The buyer pays for the lenders coverage --24.101.xxx.xxx




title insurance? seller-f (by mike [CA]) Posted on: Nov 29, 2022 6:23 PM
Message:

YES. you need the place run through the paces to assure they are the legit seller, it is not previously encumbered, that the taxes are current...lots of reasons. in calif they pay for that to prove they are who they say they are. Lauren there are a million things that can cloud a title after someone buys it. mortgages, taxes, liens, heirs, easement...etc. buying a property without a title search and policy is insanity --75.80.xx.xx



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