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To: Always Right
Dad got a pay-out from the title company over a deed restriction that they missed. He wound up building a single story building instead of a multistory, and they paid dearly for the screw up. That is the ONLY title company payout I've ever heard of.

/johnny

32 posted on 09/13/2009 7:26:02 PM PDT by JRandomFreeper (God Bless us all, each, and every one.)
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To: JRandomFreeper

Title insurance insures against flaws in the title to the property that he bought. Assuming the legal description in the deed and in the title police match the address he bought - he has insurance against title defects in the chain of ownership, of the unit he purchased. The fact that he was given keys to the unit next door and that he and the agent made an error in identifying the property, does not mean he has a title claim.


33 posted on 09/13/2009 7:35:13 PM PDT by Wally_Kalbacken
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