Question Submitted 2/12/2014

I recently purchases a foreclosure and bought owners title insurance. I just found out that the Homeowners Association Fees were not paid during the time that the property was bank-owned. Of course, the HOA sent me the bill. I don't feel that I should be responsible for the fees that were incurred before I owned the property. If the HOA were to file a lien against my property, would my owners title insurance protect me?

BBB's Answer:

I would ask an attorney who specializes in this. 

Comment Submitted 2/15/2014

Since there is only one title, why do you need both owner and lender policies?

Question Submitted 2/16/2014

I am purchasing a new condo in a development that is 95% complete. I won't own the land as it will be the association's Why do I need owner title insurance?

BBB's Answer:

I would consult your attorney with this question.

Comment Submitted 3/10/2014

I recently purchased a property off a government road to later find out its a private road and I don't have a right away does title insurance cover me and if so how?

Question Submitted 3/11/2014

An owner's policy was issued in 1980, how do I find out who now owns the company in order to submit a title claim?

BBB's Answer:

I am not sure. If you have the original policy then I would start there in trying to track down who may own the title at this point. 

Question Submitted 3/12/2014

is title insurance required in a cash sale of property in Vermont?

BBB's Answer:

I would suggest contacting an attorney who specializes in title insurance.

Comment Submitted 3/13/2014

Does title ins cover the buyer if the deed is forged?

Comment Submitted 3/14/2014

Do I need to purchase Lende's Title Insurance Policy if I am refinancing a house I have lived in for the past 10 years?

Question Submitted 3/16/2014

We own several properties in Ottumwa, Iowa. We live in California. We have sold them on contract. We carry the mortgage and the purchasers pay us monthly principal and the interest of the property. One of our houses we had sold on contract 7 years ago the owner suddenly moved out and purchased another house and now wants to quit claim it back to us. My problem is the "release form" that is presented to us makes me wonder if there is any underlying problems we should know about. It states, "RELEASE", "FOR THE SOLE CONSIDERATION OF a Deed in Lieu of Forfeiture, the receipt and sufficiency of which is hereby acknowledged, the undersigned, (Our names) do hereby release, acquit, and forever discharge (Their names) together with, as appropriate, his/her/its/their past and present officers, directors, employees, related and affiliated entities, successors, agents, heirs, assigns, and insurers, and all other persons, firms and corporations, from any and all liability whatsoever, including all claims, demands, and causes of action of every nature affecting us or either of us, jointly or severally, which we or either of us have, may have, or ever claim to have by reason of Real Estate contract dated (the date of contract)." WE HAVE READ THE FOREGOING RELEASE, UNDERSTAND ITS TERMS, AND FREELY AND VOLUNTARILY SIGN THE SAME. DATED this ________day of ____________ CAUTION: THIS IS A RELEASE - READ BEFORE SIGNING!" After that is all written then we are supposed to sign in front of a notary public the "release" form. My question is to me is this a normal written deed or does it seem as though they have something to hide and are trying to release their liability on it all? It just seems odd all of the wording when talking about "from any and all liability whatsoever, including all claims, demands, and causes...etc." I'm concerned and do not know what to do about this situation. Thank you.

BBB's Answer:

I would suggest you contact a real estate attorney.

Comment Submitted 3/18/2014

Who pays for the lenders title insurance on a refinance home loan?
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