"Brian" wrote in message
ups.com...

wrote:
I've had good inspections and bad. Even the best inspection isn't good
enough to catch everything. Look at what you spend money on when
buying ahome The inspection is 300-400 and can be of enormous benefit
in negotiating. Title insurance costs hundreds, or in some states,
over a thousand. It pays off 8 percent of the time.

Title insurance is a SCAM yet people bitch about paying an inspector ?

I didn't pay title.

And yes title insurance, is the worst scam i have ever seen. If you buy
house
from the builder, the risk the land it is built on owned by
somebodyelse is pretty low.
And even then builder will be responsible.


I will not purchase a new house. They are usually built like crap and will
be falling apart within 8-10 years. But that's off topic.

I sold my former house of 16 years last year. The first mortgage loan on
the house was at 10% fixed APR. We nearly hurt ourselves since we were in
such a hurry to re-finance that loan. Over the 16 year time frame, we
refinanced about 4 or 5 times. Each time, the lawyers offices did deed
history research to make sure we had a clear title. We did. When we sold
the house, we found out at the closing lawyers office that there was a old
claim from before the gent we bought it from (He lived there about one and a
half years). We no longer had a clear title. Becuase we bought title
insurance at teh first closing, we got off clean. If we hadn't, we could
have technically been held liable for the about $600.00 PLUS INTEREST from
18 plus years before.

Best money I ever spent.




My old house title had line that read: not responsible for unrecorded
...,
no coverage for encroachments unless legal survey is attached at the
time
of closing. When it looked like we had a possible problem, they
mentioned
fine print.... I asked "Chicago Title" manager when do they pay claims?


She was not aware of any residential claims, ever that they paid....

SCAM