How can I get title insurance on land?
Answer:Getting title insurance on land is no different than title insurance on real estate. A well-rounded title insurance company will offer a whole range of title services and escrow account servicing. You will simply have to run a search, possibly internet search, for title insurers in your area.
Do I need title insurance on land?
You probably do. Title insurance will be required by the lender, but should the client purchase one? If cost doesn't matter to you, you'd better buy owner's title insurance. With all the real estate title fraud around you'll be better off with title insurance coverage on the land.
However, costs are sometimes an issue and you may like to consult a real estate lawyer with a lot of knowledge and experience in title insurance. They may be able to better assess the need for title insurance.
Final piece of advice: Monitor your credit report and score regularly, to ensure there are no inaccuracies or unauthorized activity. Your credit report and score are the two major methods that creditors and lenders use to make a credit decision about you. Higher scores usually mean lower interest rates, which will save you money.
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