Speaking of title insurance....

[Kapohocat]

Have you changed your title on your property from your name to your name with "revocable living trust" following your name?

If so, You voided your original title insurance.

We found this out the hard way with my mom's place in Honomu.

Although it was a wash probably with the RLT saving us lots of attorney fees upon the death of my parents versus the costs to fix the property title issues for the buyer's VA loan.

I have filed a claim with DCCA - the investigator suggested it as it did not seem right but First American Title Insurance Company says they are right of course.

As a note, First american title suggested that my parents could have purchased a new title insurance policy. When it all happened 15+ years ago, my parents did not know. Nor did the attorney doing the transfer let them know. The fault all comes back to my parents since not knowing is not an excuse. I just want others to know this issue.

So just buyer beware.

#Firstamericantitle

[pbmaise]

Kapohokat,

Yes I found the same discussion.

However, I bet strongly such a move doesn't void the lenders title insurance.

If it did, we probably as lenders would prevent these transfers.

[Karma96749]

I called First American Title, and received the following response:

"if Buyers at the time they did their purchase gets an Eagle policy it will be ok and they would be covered. However if a Standard policy is issued instead which always will apply for vacant lots usually, then they will need to request from title at the time the deeds conveyed to their trust for a endorsement CLTA 107.9, which has a fee of $150.00."

Luckily, we have the Eagle policy.

[Kapohocat]

quote:

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Originally posted by Karma96749

I called First American Title, and received the following response:

"if Buyers at the time they did their purchase gets an Eagle policy it will be ok and they would be covered. However if a Standard policy is issued instead which always will apply for vacant lots usually, then they will need to request from title at the time the deeds conveyed to their trust for a endorsement CLTA 107.9, which has a fee of $150.00."

Luckily, we have the Eagle policy.

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The Eagle Policy did not exist in 1998. But yes now it will cover it.

Attorneys making the title transfers were advised in 1998 or 1999 to start looking for this and making provisions for their clients, such as adding coverage.