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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This entry was posted on Saturday, June 27th, 2009 at 12:32 am and is filed under HUD Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “Do you really need title insurance on a foreclosed house?”

Do you really need title insurance on a foreclosed house? | Foreclosures For Profit says:

June 27, 2009 at 3:22 am

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