really high title insurance quote

[Anonymous]

I saw someone else mentioned Federal Title in this thread... Anyone buying a home or condo in the DC Metro Area should check out their online quote tool. It should provide a good sense of whether you're paying too much for your closing costs.

https://tools.federaltitle.com/titleagents/QuickQuote/Default.aspx

[Anonymous]

Anonymous wrote:Im the idiot that does not believe in title insurance. I dont think we ever used it. This involves at least 4 properties off the top of my head. I dont even think weve used it owners title off the original purchase. Granted 3 of those 4 were brand new so the odds of there being a title problem has to be even lower. Even still, the fact that a title company is still on the hook due to the lenders policy to the lender means they arent more likely to overlook something on the owners side. For an insurance that pays out about 5% of all the money it takes in where most insurance pays out about 70%, we wont be intimidated by those on here justifying this nonsense.
http://blog.franklyrealty.com/2007/01/optional-owners-title-insurance-part-2.html
If interested, I would recommend reading the comments section of the blog above.

Claims in new construction are greater, not lesser than in a re-sale.