The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tommaso who wrote (15379)	12/8/2003 10:47:38 AM
From: Tradelite	Read Replies (2) of 306849

Tommaso, I wonder if there's a chance your lawyer actually sold you a policy at that time and maybe it got buried in the paperwork you signed. Lawyers are "agents" for title insurers and earn a commission when selling a policy, but they sure don't make a big deal out of this fact or necessarily reveal this commission at the settlement table, and I've always wondered if this could be construed as a conflict of interest. At least when a settlement is done at a title company, the issue is more upfront than when done in a lawyer's office. If no title insurance company was involved in your transaction, I assume the lawyer you mentioned "certified" your title and would defend it on your behalf if challenged? I had to buy a lender's policy when I bought my home in the late 1970s and again when I refinanced--annoying, because after living in a house for decades, one tends to become rather confident about the ownership. <<GG>>

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