While owner’s title insurance is not mandatory, it is highly recommended that investors purchase an owner’s title insurance policy to protect against any potential financial loss should there be an issue with the title to the property. Possible issues include identity theft, liens and judgments recorded just before closing, and mistakes made by the clerk of court – none of which would be disclosed by the title exam and any of which could be financially catastrophic to the investor.
In fact, many of our investor clients would never think of purchasing a property without getting a title insurance policy to protect them. Neither would Clark Howard or Dave Ramsey.
Harlan Florence is an Atlanta-based boutique law firm that believes there’s a better way to handle your real estate closing. We’d love to work with you. Contact us today, and let’s see what we can do together.