News for Real Estate Investors and Landlords — defective foreclosures
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Whenever I tell foreclosure investors about possible problems with defective foreclosures they ask me, "Denise, how can I protect myself?" One way is with adequate title insurance. Did you know you can buy owners' title insurance for an amount that is more than your purchase price? Suppose you buy a property from ORE for $100,000. It's really worth $125,000 on the day you buy it. In six months, after you make repairs and have a tenant in place, it will be worth $200,000. You might want to buy $200,000 worth of owners' title insurance at closing, instead of only $100,000. ...
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