I am selling, so what's this charge for title insurance??
By john dietz, Mega Agent Team Leader, Speaker-Coach-Trainer
(The Dietz Team with Re/Max Realtec )
I am SELLING the home, and I get charged for title insurance??? So you have your home under contract! Congratulations!!! You get through the inspections and the appraisals and you are all excited to move to your new dream home! Your closing agents sends you your settlement statement with the breakdown of all of your closing costs.... all looks normal, yes there is the proration of the taxes, the mortgage payoff, the HOA dues... WAIT!!! What is THAT charge for what they call the "owner's policy of title insurance", and if you are the seller, WHY are you paying for it? Title insurance rules, regulations and customs vary from state to state. Here in Florida, our title insurance is regulated by the insurance commission. Which means, that the state regulates what amount will be pai...
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