Do you really need title insurance on a foreclosed house?
For example HUD recommends that a buyer of the HUD foreclose gets a title insurance. Why? Isn’t that redundant?
Also, I know some lenders that require buyers to get a title insurance on a government foreclosure.
I know that on bank foreclosure it is necessary to have title insurance. But why on a government foreclosure? My understanding was that all the lens are dropped when you buy a government foreclosure.
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Tags:
bank foreclosure,
bankruptcy loans,
business loans,
death insurance,
foreclosure homes,
foreclosure houses,
generic domain,
good faith estimate,
Government foreclosure,
hud foreclose,
HUD Foreclosures,
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insurance,
lenders,
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people magazine,
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tweets
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