CA title insurance?

Question

Does anyone know a CA title company that will issue title insurance for a purchase, where the seller has a discharge of their ch 7 bk, but not yet a closure for the bk?

Thank you

Answer 1

They all do.  But you as the buyer would have to allow them to "insure over" the bankruptcy issue.  If anything bad came from the bankruptcy, you would not be covered.  How brave are you.  A bankruptcy judge can cancel any realty sale at any time.  They do it all the time.  But if the seller is honest and you trust her, you could take a chance.  The seller will sign because she has nothing to lose.

The real answer  is  how much less is that house worth without clear title.  Would the seller discount another $10,000 if you accept the "lesser" insurance.  Would the seller discount $50,000?  Now i'd get interested.