Posted by Bud Branstetter on November 12, 1998 at 12:47:11:
If I were given the deed to the property and had no equity-just monthly cash flow I might just run an abstract of title. If I have cash or equity to protect it is insurance and does give you some protection. If it doesn’t cost me why wouldn’t I want it. Lawsuits to collect on bad deeds can be expensive and take years. That is why the general rule is GET TITLE INSURANCE.