^^ This is the real issue

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May 23, 2015
10:22:41am

AustinCougar

^^ This is the real issue

The premiums are WAY too high. It could be a 10th of the current amounts and the insurance companies would still make out great.

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AustinCougar

Previous username: RealEstateCoug
Bio page: AustinCougar
Joined: May 13, 2004
Last login: Apr 19, 2024
Total posts: 3,021 (84 FO)

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Messages

Author

Time

$1200 for title insurance on a 10-year-old town home?! Do I really need this

PGVikingDad

5/23/15 9:25am

Sadly, yes

5/23/15 9:27am

I read an article in Business Week a while back

QuickCoug

5/23/15 9:35am

^^ This is the real issue

5/23/15 10:22am

Title insurance is a scam but unavoidable

QuickCoug

5/23/15 9:30am

If you really want an unpleasant surprise, ask them to guarantee the accuracy.

BluePete

5/23/15 9:32am

Title insurance company errors have given me a lot of work over the years.

Cougar-Duck

5/23/15 9:38am

Does that mean I should or shouldn't get it? Forbes and CNN essentially consider

PGVikingDad

5/23/15 9:55am

Banks require it if you have a loan. If you are paying cash, get it anyway.

Cougar-Duck

5/23/15 10:02am

Unless you are paying cash you won't have a choice mortgage bank will require it

cougarfann888

5/23/15 9:58am

I was wrong. It's $2100. $900 "Lender Ins." + $1200 "Owner Ins." What the H?!!

PGVikingDad

5/23/15 10:12am

It's an entrenched scam

5/23/15 11:32am

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