We all know the importance of a great title rep. In San Diego California there are many REO companies that issue policies that do not fully cover your buyer because they use the Western Regional exceptions.. Make sure your buyers are completely covered by having your PR looked over by your title rep if you're not sure what to look for.
- Did you know that your buyers may be unprotected if they transferred into a trust or added someone onto title?
- Did you know that some title companies are issuing the CLTA standard policy – the most minimal coverage available? -
Did you know your contract may say “Homeowner’s Policy”, but lack the most important coverage because it includes the Western Regional Exceptions? -
Do you know what the Western Regional Exceptions are? Non-recorded taxes or other liens = NOT COVERED!
Non-recorded easements = NOT COVERED!
Any encroachments/encumbrances that would show up on a full survey = NOT COVERED!
Boundary structure encroachments = NOT COVERED! -
Did you know that sellers are saving money and title companies are limiting their liability at your buyers’ expense?
- Do you know all the steps you can take to make sure your buyers are covered?
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