Title insurance

[Greg36]

We are waiting on ROFR for a AUL contract. I inquired with my closing company about title insurance. I was told they don’t provide it and if you want it for a AUL purchase you need to go with a Hawaii closing company. Apparently the sellers bought the contract directly from DVC, which I do think cuts down on title related risks. The closing company will do a formal title search for $125. Just wondering what others have done in buying AUL contracts when it comes to title insurance or if anyone with experience has any suggestions here. Thanks in advance. Greg

 

[PCDisFan]

I've been looking into who to use for AUL title in anticipation of my next resale. I used Fidelity National Title Hawaii on my first AUL contract and it was painfully slow. Offer acceptance to close took over 100 days.

Here's a link to a discussion on the TRCS and First American:
https://www.disboards.com/threads/r...uctions-formatting-tool.3949208/post-65627846

 

[Jimmy Geppetto]

We are waiting on ROFR for a AUL contract. I inquired with my closing company about title insurance. I was told they don’t provide it and if you want it for a AUL purchase you need to go with a Hawaii closing company. Apparently the sellers bought the contract directly from DVC, which I do think cuts down on title related risks. The closing company will do a formal title search for $125. Just wondering what others have done in buying AUL contracts when it comes to title insurance or if anyone with experience has any suggestions here. Thanks in advance. Greg

When I’ve purchased AUL and the sellers bought directly from DVC I decline title insurance. The estoppel will identify any issues and makes title insurance irrelevant IMO.