Posted by William Bronchick on March 13, 2005 at 08:59:42:
Not likely. Title insurance is not like car insurance - you are not
insuring an asset, you are insuring against PAST events. The title
company would want to do a title search, issues an insurance
commitment giving conditions for closing, then close it themselves and
issues a policy. I own a title agency and would never insure over a
transaction I did not close (or one that already happened).
Title insurance - Posted by Tall Guy
Posted by Tall Guy on March 10, 2005 at 20:11:15:
Is it possible to purchase title insurance after you have completed a transaction? I’ve gotten a title report and I know what’s there but the I need to close immediately and the title company wants to wait on something that will take 7-9 business days.
So I’m thinking to close the loan and get it insured later. I’m using a private lender and they won’t have a problem with it after I explain the circumstance. Anything additional that I should be looking for? To be honest, the title company that I’m using is being very particular to a fault on this deal. Any and all feedback is appreciated. Thanks!!