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Hilda Said:

I am about to buy a condo and I'm being offered owner's enhanced title insurance, Do I need It?

We Answered:

no, you don't need it. Title insurance is required for your lender to insure against any outstanding liens or judgements that did not show up on the title, an owner's policy protects you. Your attorney should have done his homework by now, by getting a full abstract of title and done a bankruptcy and judgement search. If there were any issues with the title to your condo, they should have shown up by now and would have to be paid by the seller at closing. Just make sure the seller has paid all utilities and matenance fees on this condo when you go to the closing table

Constance Said:

I am being offered the owners enhanced title insurance as part of a closing package, should I take it or shop?

We Answered:

Enhanced policies are usually not worth it but it depends on the property you are buying. The older a property is and the more times it has changed hands, the greater the chance of there being a problem with the title. The title compnay will be more than happy to explain why their enhanced policy is better than a standard policy. If they won't then find a new title company.