Hi all. I am reviewing a resale contract and looks like I need some clarification on title insurance. Title company is DVC Title & Escrow for resale. If anyone has experience with DVC TItle & Escrow, please advise what's included in the closing costs -- is title insurance included or is that additional?
I thought closing costs include title insurance already but saw this in the contract, and now I'm confused.
TITLE EVIDENCE: Buyer acknowledges that Buyer has been informed that Buyer may at Buyer's expense obtain a title insurance commitment and after closing receive an owner's policy of title insurance, insuring title to the Property.
Thank you!
I thought closing costs include title insurance already but saw this in the contract, and now I'm confused.
TITLE EVIDENCE: Buyer acknowledges that Buyer has been informed that Buyer may at Buyer's expense obtain a title insurance commitment and after closing receive an owner's policy of title insurance, insuring title to the Property.
Thank you!