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Real Estate
Reply to "Owner's Title Insurance"
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[quote=Anonymous]Isn't there also a possibility of a contractor putting a lien against the home for unpaid work - could be a direct contractor or sub. I don't know if title insurance covered this but someone I know in another state had the wrong lot number on the mortgage documents potentially from being incorrect on survey so the taxes this person paid was credited toward a neighbor and their taxes were not only considered unpaid but went to some sort of auction and someone had a claim because of paying off the tax lien. All of this came to light when the person was selling the property. Like pp mentioned as much as it seems you are paying a hefty sum for not a lot of anything all you need is to be that one in a thousand that has a problem to feel a penny wise, a pound foolish.[/quote]
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