How important is buyers title insurance?
Is the buyer or seller responsible for title insurance?
Answer .
Here in California, it is a matter of local custom..
In Southern California, typically the seller agrees to purchase the owners policy for the buyer, the buyer su…pplies the title insurance for the lender..
In Northern California, the buyer typically pays for both policies. It is, however, a matter that is covered in the contract between the seller and buyer and is negotiable, as is everything else..
Answer .
All closing costs can be negotiated as part of the sales contract..
Who pays for title insurance varies from state to state based on local custom, but can be negotiated between the buyer and seller as part of the sales contract..
There are no laws providing for either party to be required to pay..
In the case where the seller has elected to pay title expenses, the buyer needs to make sure that the Lender has approved those fees to be paid by the seller..
Some types of mortgages require that the buyer/borrower have a certain amount of funds available for the closing fees and may "cap" what fees can or cannot be paid by the seller in behalf of the buyer.
What is the difference between standard title insurance and advantage title insurance for home buyers?
Answer .
"Advantage" title insurance sounds like a product of a particular Underwriting company.\n.
\nIt is not a TYPE of title insurance. Many Underwriters have a "premi…um" Policy available to consumers that has additional benefits over the standard insurance.\n.
\nAsk your title agent for a side-by-side comparison of the two policies..
Is it okay to sign over the title of a 'totaled' car to an insurance company and the leave out the name of the buyer?
Answer .
\nyes but i would only do so after they have settled with you and the chekc has cleared . The reason for not filling in a buyers name is that the ins co \nusuall…y sells these vehicles to whoever will buy them , which could be anyone\nwhen the ins co takes possession of the vehicle it it their problem to fill in the buyers name not your , because at that point technically they are the owner \nsince they have already paid you for the total loss. What they usually do is give you ACV (actual cash value )minus any deductable . If the ACV is $5000 deductable is 250 and the salvage value is $400 you would get a check for $4750 (5000 minus 250 deductable)and they would get a check for 400 from the salvage buyer who could be a salvage yard, body shop or a private individual who bought the totaled vehicle from the ins co
Does title insurance protect the buyer of a foreclosed proprty from a second mortgage against the home?
A title search or examination will uncover any judgments, mortgages, taxes, assessments, charges, or other liens which may encumber or adversely affect the title of a property…. In particular, a historical search or examination will be made of the prior owners of the property..
Once the examiner or searcher has completed this process, the title company will compile the information and prepare a Title Commitment that reports on the status of title. The Commitment will list as exceptions or exclusions to title all encumbrances, liens, or other adverse matters that were found. This process is completed before you purchase the property. If these matters are not cleared up or resolved by the end of the closing or settlement, the matters will be excepted from the coverage provided by the title policy, and the policy will not cover any loss caused by or arising from the excepted matters. Unless the title company takes a specific exception in the title policy, the policy will protect you from having a financial loss because of, or arising from matters such as someone else owning your home, a forgery or fraud in the prior title, lack of legal access to the property, or the existence of undisclosed liens such as taxes, mortgages, assessments or charges, as well as many other matters which affect the ownership of the property.
Who has rights to the title buyer or co-buyer?
It depends on whose name or names are on the title. A co-signer of a loan isn't necessarily an owner. Their name must be on the title to the property also. The person or perso…ns who are listed on the title have ownership rights in the property.
What does an American land title association ALTA owner's policy of title insurance provide to a buyer?
The title advantage in American real estate models has been designed by the mortgage companies to benefit them financially.
What if the buyer does not get the title in their name?
if da buyer does not get da title in their name legally is not ders
Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full… coverage.
When does the title pass to the buyer?
When the Certificate of Title is signed over to the new owner for a motor vehicle. When the fully executed deed is delivered to the new owner for real property.
Does title insurance in a special warranty deed protect the buyer from any other defects of title that are old?
title company
Is the buyer or seller responsible for title insurance in Texas?
The seller is required to provided a clear title; purchasing title insurance is generally a part of this.
Does title insurance protect the buyer of property against subsequent claims for unpaid condo fees?
Title insurance protects a buyer in the sense that the titleinsurer has scoured all public records to determine whether or notthe title is 'clean', that is free from claims, e…ncumbrance orother clouds. If the association has filed a lien against the seller for unpaidassessments, this will be a public record that the title companycan find. Without a lien, the new buyer should not be subjected to the debtof a seller's unpaid assessments. If the association is billing you for unpaid assessments owed by aprevious owner, you can take this evidence to a common interestcommunity attorney who can write to the association and notify itthat the debt is not yours.
Answered
In American Cars
Where on car title do you notarize for buyer?
You don't need to noterize on a sale of a car.
Answered
In Insurance
Can you send totaled car title to insurance company with no buyer signature?
You could obtain a duplicate title from the DMV.
Answered
In Insurance
What does title insurance protect the buyer from?
Risk
Answered
In Real Estate Buying and Selling
Can you transfer real estate title insurance to a buyer?
Not sure but i think can't transfer real estate title insurance to buyer
Answered
In Insurance
Who are the buyer of insurance?
Customers