Boca Raton, FL asked in Real Estate Law for Kentucky

Q: Purchase a piece of property in Kentucky for and was in the process of selling it when title issues we discovered

I have title insurance. Title company admits to oversight. I made a claim. What is the company’s responsibility? Fear of losing buyer’s interest. I would never of bought property if I had known of issues

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery
PREMIUM
Answered

A: Title Insurance does not have many covered risks. Hire an attorney to clearly state your claim under the Policy. Usually if the risk is covered, the Title Insurance Company will attempt to cure the title defects, but rarely pays out any money to the insured. If the Claim is denied, you might sue the Insurance Co. for breach of contract, as well as for appropriate causes of action against the other offending parties. Real Estate Litigation is very difficult, and usually expensive.

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