Typically the only type of title insurance that can be issued on a Co-Op would be a Lease-hold Mortgage Policy that covers the Lender for a Mortgage.
Because the interest in the property is held as shares, an Owner's Policy would not be issued.
However, if purchasing a Co-Op, it would be advisable to have a Report on Title or Title Search done on the property, Co-Op association, etc.
No title insurance is not available on COOP's due to it not being real property, it is considered 'shares' in the coop. Typically though lenders have stricter regulations to clear coops to closing. The UCC (uniform commerical code) would be pulled on the property and all parties involved(sellers and buyers). For example the UCC would be order on any downstate New York COOP properties, the lender then would review for any lien on the property or judgments against borrowers or the sellers. Any adverse judgments then would delay closing until resolved. In the case of New York, if a property is in questions NYC.gov is a good start, you can search all judgments against a property.
Beware, beware, beware. I have personally experienced fraud in the name of Title Insurance for a co-op. A company was promising that they had a waiting buyer, and all the seller had to do was to pay for the title search in advance. Unfortunately, these sellers were so enthralled with the idea of selling, that they actually wire money in advance to this company, and that was the end of their money, contact, and the sale. I've seen it happened to well-educated attorneys as well as countless well-meaning men and woman. If I can express one thing emphatically, its never to pay any closing or title related fee up front. Also remember things have to feel right when they are truly easy.
Generally speaking, a title insurance producer is the same as a title insurance agent.
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
No it does not. Lenders Title insurance is a whole other form of coverage
Title insurance rates vary depending on if the transaction is a purchase or a refinance
who pays title insurance when selling a home
Coop Travel Insurance offers many different varieties of travel insurance for sailing, skiing, cruise, and flights. This company has extremely competitive rates.
Generally speaking, a title insurance producer is the same as a title insurance agent.
First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company
Title examiners are typically employed by title insurance companies
The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.
The main company that specializes in co op car insurance or fleet insurance is called Progressive insurance. They also have a comparison feature on their site.
No it does not. Lenders Title insurance is a whole other form of coverage
Title insurance rates vary depending on if the transaction is a purchase or a refinance
You can get title insurance quotes from by doing a search on google or other search engines for title insurance and visiting one of the websites that offer title insurance quotes. There are some companies that will give you multiple title insurance quotes from more than one company by filling out just one form, and there are other companies that offer you one quote from their company. It is a good idea to shop around for title insurance companies and this is a great way to find and compare title companies and title insurance costs.
who pays title insurance when selling a home
One could find a title insurance calculator in many different places. Some of the places in which one can find a title insurance calculator is from an insurance place like Republic Title.
As of 2011 the largest title insurance company by premium volume in the United States is First American Title Insurance Company.