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Agnes Said:

Two options on purchase and sale agreement with regards to abstract of title or title ins policy. Which one?

We Answered:

If it is written as you have stated chose neither. It does not make sense. The items are OK but they must be written properly.

The first means that they ( your lawyer?) will only check the deeds back for 40 years. They will check to see if any liens are on the property or rights of way that do not show up or if any taxes are owed, in short to see if you have clear title(ownership) of the property but only for 40 years back. The fee title insurance is to guarantee that if anything does come out later on in your deeds that you are not aware of now, the insurance will take care of any legal fees to put it right. For what it costs I would advise having both. I get the impression that the sellers are not able to give an absolute guarantee of a clear title, so if you do both of the options you will be OK.

Ella Said:

My new car was totaled. The insurance company called and they want the car title. Do I charge them?

We Answered:

No you can't charge them for that. About the only thing you can do is say you lost it, if you are that upset about it.