Posts Tagged ‘preliminary title report’
Title Company Wrong, but Buyer has No Recourse
Question: Our family has owned a convenience market in Glendale for more than 30 years. The lot next door to us has always been vacant. I remember my father saying years ago that if this lot was developed we might have a problem with parking. Last year we were notified that the owner of…
Read MoreClarifying Title Commitment Versus Title Insurance
Question: In a recent column, you said that the title company would have no responsibility if the title commitment negligently failed to discover a “cloud on the title.” Isn’t that what title insurance is for? Can you please clarify? Answer: I was trying to explain the difference between a title commitment and a title insurance…
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