I’m currently in the process of closing my first ever deal, and am, of course, doing so through TitleMind! I’m obviously very glad they opened in time for my transaction so I don’t have to worry about messing up my first deal, but my one concern is the fact that they don’t (yet) offer title insurance with their closing packages.
For this reason, I have three questions. 1. How critical is it to have title insurance for a land transaction? I know most of you aren’t lawyers here, but what I guess I can ask is whether or not people here do typically purchase it. 2. When is it too late to buy such insurance? If I just want to worry about getting this thing closed now, can I still do so after-the-fact? 3. If I SHOULD buy title insurance, as TitleMind doesn’t yet offer it, does anyone know of a company that land investors typically go to? And one that will offer insurance by itself and not as part of a closing package?
Any help here would be appreciated — I’m pretty anxious about this whole thing! Thank you.
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