http://taxlieninvestingnews.com/questions-and-answers/what-value-does-a-real-estate-lawyer-add-on-top-of-title-insurance/ Current news on Tax Lien Investing Tue, 22 May 2012 08:00:55 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://taxlieninvestingnews.com/questions-and-answers/what-value-does-a-real-estate-lawyer-add-on-top-of-title-insurance/comment-page-1/#comment-311 Big daddy Sat, 13 Mar 2010 20:54:13 +0000 http://taxlieninvestingnews.com/questions-and-answers/what-value-does-a-real-estate-lawyer-add-on-top-of-title-insurance/#comment-311 Depends on the transaction, if it's a refinance, I would tend to agree with you even though I don't understand what you mean by stating title insurance negates the need for tax and water certificate. I'd also be cautious of the legal description errors. I had a situation in NY, purchase, where the deed to the property did not contain a legal description at all. the previous title company would not give us a letter of indemity for our title and then come to find out our title underwriter would not accept it, the original deed had to be found and re-recorded, no exception, so I guess it depends on what you mean by "errors" On a purchase transaction, they usually add more value due to the purchase contracts and drafting of deeds, etc. To be bluntly honest, most attorneys usually dont even touch the file unless there is a major problem, their paralegals handle the day to day operations Depends on the transaction, if it’s a refinance, I would tend to agree with you even though I don’t understand what you mean by stating title insurance negates the need for tax and water certificate. I’d also be cautious of the legal description errors. I had a situation in NY, purchase, where the deed to the property did not contain a legal description at all. the previous title company would not give us a letter of indemity for our title and then come to find out our title underwriter would not accept it, the original deed had to be found and re-recorded, no exception, so I guess it depends on what you mean by "errors" On a purchase transaction, they usually add more value due to the purchase contracts and drafting of deeds, etc. To be bluntly honest, most attorneys usually dont even touch the file unless there is a major problem, their paralegals handle the day to day operations

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