Posted by John Merchant on October 20, 2009 at 00:21:26:
In Reply to: Quit Claim...any problems defending future claims? posted by JA on October 19, 2009 at 17:40:25:
A title policy would insure that you get whatever docs from whoever in order to get you complete marketable title to this RE.
i.e. you'd get their assurance that you could pass good title to your subsequent buyer.
Or the TC's report as to what docs they'd want to see done now so as to get you that kind of marketable title.
I'd advise you NOT to take the QC Deed until you get written assurance from the TC that you are getting complete marketable title.
And if it were to be later discovered that the title co. somehow missed catching some title deficiency they'd stawnd behind their title policy as it is issued, to the limit of their coverage amount.
- 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)