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If you purchase a USDA foreclosure house should you get a title opinion now or wait until you refinance in two years?In: Title Insurance |
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You should NEVER purchase property without FIRST getting a title opinion or buying title insurance!
Answer
Their could be liens that actually are larger than the amount you paid for the property. Without first having a title opinion or title insurance, this could become quite a costly venture. Further, when you refinance in two years, you will be able to get a re-issue credit on you lenders title policy because you have purchased owner's title insurance now.
First answer by MargaretEsq. Last edit by Savemoney101. Contributor trust: 83 [recommend contributor]. Question popularity: 131 [recommend question]
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