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Title insurance for very expensive homes in NYC is around $10k. Closing costs were much much more.
by silverlake 4y ago
Title insurance for very expensive homes in NYC is around $10k. Closing costs were much much more.
- tablespoon 4y ago> Title insurance for very expensive homes in NYC is around $10k. Closing costs were much much more. That kind of makes sense, though. Isn't that insurance against the possibility that you bought the property from someone who did not actually own it, so basically insuring against a total loss? IIRC, a Torrens title would deal with that possibility, but my understanding is it as a consequence introduces other issues.