CAN ONE PURCHASE TITLE INSURANCE, ABSENT A SALE OR REFINANCE?
The Answer: Yes--We can issue a policy!
Although not as routine as selling title insurance in connection with a sale or refinance, we do offer title insurance in certain circumstances. Typically this occurs when the property owner is in possession, in title or title is imminent. Some examples: inherited property, someone purchases property in a private sale, someone receives property in connection with a settlement, a property conveyance in connection with a stock purchase or asset sale or mergers or acquisition. In the acquisition context, the acquiring company will want to ensure that the target company's property has clear title. We have recently closed over $1 billion in title insurance under these circumstances. If you have any questions regarding the purchase of title insurance absent a sale or refinance feel free to reach out.