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Marsha Said:

Anyone had any experience with environmental hazards and whether title insurance protects the buyer ?

We Answered:

Title insurance protect your title only. I have used it when there have been lot line disputes and easement disputes.

No hazards of any kind are covered other then a bad survey.

Ernest Said:

Every knowledgeable buyer closes in escrow and gets title insurance?

We Answered:

When I buy foreclosed houses or short sales, or for that matter ANY real estate. I ALWAYS get title insurance and have a lawyer handle the transaction/closing.

ALWAYS!

Mike Said:

Are you obligated to pay for the title insurance if the buyer backs out?

We Answered:

No, title insurance is only charged at closing. When you get a new buyer, and it goes through, then yes, you'll have to pay it.