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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Sunshine who wrote (11162)	6/14/2003 5:10:15 PM
From: ild	Read Replies (3) \| Respond to of 306849

Question: when you refinance with the bank that originated your mortgage does the bank need new title insurance? Assume there is no cash out, so the bank's liability doesn't change. I'm asking because I see that Wells has been sending invitations to refinance to many existing and previous borrowers. Since they already have some title insurance may be they don't need a new one? Concurrent question: when you take out the mortgage the bank obtains the title insurance. When your loan is sold what happens to this title insurance? Does it get rewritten to a new loan owner?