agrainger
newbie
i am purchacing wyndham from rpmi and they tell me i can get insurance if i want but they say you don't really need it.
did you buy title insurance
thanks,
brett
did you buy title insurance
thanks,
brett
i am purchacing wyndham from rpmi and they tell me i can get insurance if i want but they say you don't really need it.
did you buy title insurance
thanks,
brett
In two of my three purchases, the title insurance would have cost more than the week did. In the other, I could afford to just walk away from it. That's the benefit of buying el-cheapo.I always recommend a full closing with title search and title insurance.
I purchased westin kierland a few days ago and asked broker about title insurance. That lady said Arizona timeshares don't need title insurance because title search is so easy and simple. So I didn't buy title insurance. After I have read this post, I am so worried.
Can I purchase title insurance in the process of closing, or is it too late?
Personally, I would not pay for Title insurance unless the purchase was over $4,000. Anything over $10,000, I'd for sure want it.
I am purchasing a timeshare from an owner who bought directly from Hyatt. If their is no mortgage on the property or it is being paid off at closing, what other problems could arise with the title? I am planning on purchasing title insurance, but wondering if I really need it.......
Thanks!
Does the owner have any judgments, money judgments, suits, liens, creditors liens, federal tax liens, state tax liens, matters of probate, etc that have been recorded against him in the State/County the timeshare is located in? These are just some of the things that can affect title.
Is the owner married? Was the owner married at any time s/he owned the property? Does the spouse have an interest under state law? Does the ex-spouse have an interest under state law?
Just because the deed has only one name on it does not mean that there is not a spouse (or angry ex-spouse) with an interest in the property.
Another reason for title insurance on properties worth more than your personal risk threshold.
I purchased westin kierland a few days ago and asked broker about title insurance. That lady said Arizona timeshares don't need title insurance because title search is so easy and simple. So I didn't buy title insurance. After I have read this post, I am so worried.
Can I purchase title insurance in the process of closing, or is it too late?
The other possibility (and hopefully the more likely of the two) is that a title policy may not be available for the property you are buying.
Title insurance is available on Kierland.