This article was posted by a member of the Title Insurance Law Group on Linked In. If you are considering the purchase of a foreclosed property, you may want to read the above article. I hope these buyers purchased title insurance! This article is a case study why title insurance is more important than ever...
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The importance of title insurance for foreclosed properties
In the age of Short Sales and Foreclosures – Title Insurance is more important than ever!
In a letter to the NY Times editor dated October 11, 2010, Kurt Pfotenhauer, Chief Executive Officer of the American Land Title Assocation (“ALTA”) stated the following: “When home buyers purchase a property in good faith, they have an expectation of protection under the law. If a challenge to a property title arises because of a faulty foreclosure,...
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