In the September 23rd issue of the New Hampshire Business Review, “Thoughts on the N.H. Real Estate Market,” Dan Scanlon, JD, CCIM, states, “I can’t tell you how many times I’ve heard people say that since the bank has title insurance they don’t need it. This is misinformed. The policy that is provided to the lender at closing only insures the lender for the amount of the mortgage. The owner’s equity is not covered. And title issues might surface that don’t impact the lender but could seriously injure the owner. Buy it!”
