Posted by JA on October 19, 2009 at 17:40:25:
Hello all!
Encountered an interesting situation. Was hoping someone could help.
Interested in purchasing a property. Seller obtained property via quit claim deed as part of a large package purchased from a bank. The quit claim deed from the bank for this property states that the bank did not perform a title search. The seller has not performed a title search. Seller wants to transfer proeprty to me via quit claim deed. So here's my question.
If I buy this property and obtain title insurance, will the title insurance company defend me against any claims made by past owners that were not uncovered during the title search? How far back will the title need to be searched? To the last owner who issued a general warranty deed?
Please advise as soon as you can. Trying to wrap up this purchase soon. Thanks so much for your help.
-JA
- Title insurance John Merchant 00:21:26 10/20/09 (2)
- Re: Title insurance...Increasing coverage? JA 23:00:07 10/20/09 (1)
- Dunno, I'd ask T Co John Merchant 23:07:51 10/20/09 (0)