jpm
Platinum Member
mbarb WON the first part of the case. this is the bazaar part.he won and has to pay!!!
Buying land-some things to be aware of
- Thread starter btolle
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RMEADOWS
Bronze Member
This post came up just as I am getting ready to buy a 10 acre peice adjacent to my house. The owner has owned it for 45 years she is going to hold the note. I didn't think I needed title insurance but I am now going to buy owner's title insurance. It seems a bit steep but after seeing what folks have gone through I think it might be a wise investment.
Gary_in_Indiana
Elite Member
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Roger,
If it's possible, make sure you get your land contract (or whatever document covering the sale) notarized and recorded at the Recorder's Office in your county. As to title insurance, you probably want a seller's policy insuring that the seller has good and marketable title to the property as opposed to an owner's policy, which typically insures the lender. /forums/images/graemlins/smile.gif
If it's possible, make sure you get your land contract (or whatever document covering the sale) notarized and recorded at the Recorder's Office in your county. As to title insurance, you probably want a seller's policy insuring that the seller has good and marketable title to the property as opposed to an owner's policy, which typically insures the lender. /forums/images/graemlins/smile.gif