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Old 09-02-2019, 09:01 AM   #11
adjusterjack
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Default Re: Title Company witholding Deed

Quote:
Originally Posted by Lexus View Post
Generally title insurance is necessary for all sorts of property, so empty lot is also a subject for title insurance.
No help.

As usual.
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Old 09-02-2019, 08:31 PM   #12
Steve53
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Default Re: Title Company witholding Deed

Since you've been in the insurance industry, hopefully you can answer a question everyone is avoiding. Part of the "deal" is that i join this new empty lot with the lot my house is on (consolidate plots) When I do that, would that not void the insurance since the lot i have Title insurance would no longer exist?
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Old 09-02-2019, 08:34 PM   #13
Steve53
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Default Re: Title Company witholding Deed

I'm finding a lot of this in the industry as I try to find answers. Its like the Realty business is a cult. No questions or answers, just do as we say....
This pertaining to the Lexus statement and your respose to it....im new here and haven't figured out how the "quote" thing works yet
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Old 09-02-2019, 10:29 PM   #14
adjusterjack
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Default Re: Title Company witholding Deed

Quote:
Originally Posted by Steve53 View Post
Since you've been in the insurance industry, hopefully you can answer a question everyone is avoiding. Part of the "deal" is that i join this new empty lot with the lot my house is on (consolidate plots) When I do that, would that not void the insurance since the lot i have Title insurance would no longer exist?
The title policy is permanent as long as you own the property. After you combine the lots there can still be claim against that section that was once a separate lot. You'd be covered for that. Even if the claim was unfounded your legal fees would be taken care of.

Quote:
Originally Posted by Steve53 View Post
I'm finding a lot of this in the industry as I try to find answers. Its like the Realty business is a cult. No questions or answers, just do as we say....
Yeah, I found that out this year while I was looking for a house to downsize to. It's been 20 years since I sold my rentals (to investors) and bought my last house from a FSBO. No realtors.

This time around, every house I looked at had a realtor and the purchase contracts are 10 pages.

Quote:
Originally Posted by Steve53 View Post
This pertaining to the Lexus statement and your respose to it....im new here and haven't figured out how the "quote" thing works yet
Click on the green quote button before you type a message. The other person's message appears in your space with bracketed wording at both ends. If you want to comment on the whole message leave it as is.

If you want to comment on part of the message, delete the phrases that you don't want to comment on.

If you want to comment on more than one part of the message select the entire message and copy it. Then delete the parts of each message that you don't want to comment on.

That's what I just did when I separated the two parts of your last message.
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Old 09-04-2019, 03:51 PM   #15
Steve53
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Default Re: Title Company witholding Deed

If you want to comment on part of the message, delete the phrases that you don't want to comment on.


Thanks for all your help!!!
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