Title insurance.
Title insurance would provide relief only to the purchaser of the stolen home. It would not provide relief to a homeowner who has had his home stolen.
Ultimately, the owner of the stolen home would get the home back, but it would take a potentially costly legal proceeding to do so if someone else had bought it from the crook. I suppose an insurance company could offer home theft protection insurance to cover those costs. The article mentions that Philly has set up a program where you are notified whenever a document containing your name is recorded. That's probably as good a protection as anything. That would give you the ability to clear up title before the crook sells to another person, which makes getting the title cleared up much easier and less costly. Despite the cases mentioned in the article, this is still a very rare thing.
Guy next door died. We found him 4 days later in his truck. He overpaid for the house and was estranged from family. It’s probably going to the Courthouse steps and end up a rental.
His mattress is in the front yard.
I’ve heard title insurance doesn’t cover title theft.
Pls correct me if that is not true.
“Title insurance.”
From what I understand your title insurance is a guarantee that your house is yours when you buy it, then it’s done. Anything that happens the minute after you close is not covered.