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Real Estate
Reply to "Attempted title fraud on property we own"
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[quote=Anonymous][quote=Anonymous]This is why it makes sense to throw a 50k mortgage on the property. The payment is essentially title insurance [/quote] 100% correct ! Best advice in this thread. Also, regarding title insurance, check out the policy fine print. Not sure, but my understanding is that title insurance just protects the holder from title defects at time of purchase or otherwise acquiring title to the property; not sure if it protects against future fraud arising after the policyholders acquisition of legal title to the property. (Will typically protect one against future claims which arose prior to acquiring legal title--Dumb probably not against future fraudulent actions.)[/quote]
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