He Got Sued for $200K After Selling a House (Why Title Insurance Matters) #realestateinvesting
Title insurance sounds boring… until you get hit with a $200,000 lawsuit.
One of my apprentices bought a house for $150K, rehabbed it, sold it for $350K… and a year later got hit with a $200K lawsuit from a family member claiming the seller never had the right to sell. In this clip, I break down what happened, how the title insurer tried to dodge responsibility, and how the situation was ultimately resolved.
#titlesearch #cleartitle #dirtytitle #quiettitle #realestatetips #realestateinvestor #investoreducation #propertyinvesting #realestate101 #titleinsurance #realestatewisdom #investsmart #realestatestrategy #wealthbuilding #realestateguide #investing #freedommentor #mentor #titlecompany
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Yikes. I thought that was going to be a different story.
“If” he buys for $150k, first American is only on the hook for $150k? Or are they on the hook for the property value of $320k he sold it for?