FHA Tiltle Insurance

If I am Buying a property for less than 80% of appraised value, do I have to have title insurace?



I close at the end of this month.





[ Edited by flyhomes on Date 11/05/2010 ]

Comments(4)

  • ddstew6th November, 2010

    Title insurance is to protect you against unclear titles. If someone were to sell me a house that cheap, I might think, is there a reason they are desperate to get rid of it??? Last year I bought a house for 36% of fair market value from a bank, the title was completely clean at closing, but I had the bank pay for title insurance. So, for I few hundred dollars, I would suggest it!

  • bargain766th November, 2010

    Absolutely get title insurance!
    [addsig]

  • flyhomes7th November, 2010

    Thank you of course for the keen advise.

  • cjmazur15th July, 2011

    based on a HELOC I have pending, it seem that cash out if a much bigger issut than a property type of duplex.

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