title insurance: "Oh, you don't need title insurance - it's really a waste of your money"...
- 03/09/09 02:54 PM
"Oh, you don't need title insurance - it's really a waste of your money." Or, here's a real winner, "You don't need to purchase owner's insurance because you have coverage. See there on the settlement statement, the line that says lender's coverage?" How many times have I heard an attorney across a closing table make an incompetent comment like that? Way too many! This is precisely why I educate my buyers way ahead of time, like immediately upon getting a ratified contract.
Sure, not every title insurance policy or company is created equal. It is our job as … (15 comments)
"Oh, you don't need title insurance - it's really a waste of your money." Or, here's a real winner, "You don't need to purchase owner's insurance because you have coverage. See there on the settlement statement, the line that says lender's coverage?" How many times have I heard an attorney across a closing table make an incompetent comment like that? Way too many! This is precisely why I educate my buyers way ahead of time, like immediately upon getting a ratified contract. 
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