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- May 16, 2012 at 7:13 pm #249812
I’m in process of buying an REO property from BOA. The seller is paying for the title insurance offered by their subsidary Landsafe title company. I am not very keen on using the Landsafe title company insurance for long because
1) Being a subsidary of BOA, their interests are aligned towards them and thus might cut some corners to ensure a quick sale.
2) The title insurance has some exclusions regarding IRS taxes, easement etc.
I tried to find a title insurance that I could pay myself to check and insure the title, but most insurance agents I spoke to were not sure if they could meet the close the escrow deadline, this being an REO property.
So, what are my options now? Can I change the title insurance company after the sale? Can I get supplemental insurance from some other company?
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