Do you need title insurance for a commercial property? Ready to sign a land contract for a commercial building
Title insurance is always a good idea. Before a title insurance company will issue a policy, he will research the property to ensure there are no outstanding claims against it (tax liens, the previous owner claims , trusts). Otherwise, you take a chance of someone making a claim expensive and then you have to pay.
Your contract should provide for the remuneration seller of this policy for you. Make sure it does.
Yes you need title ins. and is normally paid by the seller.
You do not need title insurance law. If you pay cash, you can manage the sale directly with the seller. She signed the document and that you pay money.
If you get a loan, you will be asked to obtain title insurance.
homeinsurance.awardspace.us - try this one. You have my insurance from them. As I know they offer such a service.
Posted on June 17, 2010.