Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
DN
Lv 6
DN asked in Business & FinanceRenting & Real Estate · 6 years ago

Do I need title insurance after purchasing a foreclosure? Can you please elaborate the importance of having one if I need it?

5 Answers

Relevance
  • Bill
    Lv 7
    6 years ago
    Favorite Answer

    Title Insurance guarantees that there are no liens against the property and you will be able to get clear title. Without this you could be buying an unseen obligation!

  • Rob
    Lv 7
    6 years ago

    Sorry u seriously need more info locally.

    Here foreclosure are bought as is.

    Liens and ALL.

    U get to pay them Off afterwards.

    Title insurance is Not available for foreclosure house buying.

    Source(s): Foreclosure buyer
  • MadMan
    Lv 7
    6 years ago

    LOL! It is vital to have title insurance when purchasing ANY property, foreclosure or not.

  • Anonymous
    6 years ago

    It's always a good idea. If you have a mortgage loan, usually the lender requires it.

  • How do you think about the answers? You can sign in to vote the answer.
  • ?
    Lv 6
    6 years ago

    nope...any creditores will simply not make a claim....that's un-american

Still have questions? Get your answers by asking now.