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[+] Helping out a fellow abstractor - Rebecca Cowart/MS (2 replies)
10/12/2011 6:46:33 AM (3190 views)

[-] Mis-using RESPA SECTION 9 ? - edward hartung/OH (7 replies)
10/10/2011 2:15:03 PM (3342 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 3:22:57 PM (3941 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 3:53:09 PM (3759 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 5:19:06 PM (3821 views)

RESPA doesn't differentiate between an Owner's Policy and a Lender's Policy.  It merely says that seller cannot require the Buyer to purchase title insurance covering the property from any particular title insurance company. 

I suppose the Seller could argue that the Buyer was free to choose any company he wanted for his Lender's Policy, but as a practical matter the Buyer is never going to use a different company for the Lender's Policy.  If the Seller can require a particular company for the Owner's Policy, it may be an indirect requirement that the Buyer use the same company for the Lender's Policy. 

Besides, in your hypothetical it does appear that the Seller was requiring a particular title company and the Buyer is still paying half the premium.  Isn't that still a requirement that "title insurance covering the property be purchased by the buyer from any particular title company?"

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Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 6:47:28 PM (3666 views)
Re: Mis-using RESPA SECTION 9 ? - Robert Franco/OH
10/10/2011 7:03:28 PM (3798 views)
Re: Mis-using RESPA SECTION 9 ? - edward hartung/OH
10/10/2011 7:59:12 PM (3739 views)
Re: Mis-using RESPA SECTION 9 ? - Patrick Scott/IL
10/10/2011 7:14:44 PM (3720 views)

[+] Boston National in NC Bad Pay - Deborah Jackson/GA (5 replies)
10/10/2011 11:37:52 AM (3291 views)

[+] Question for VMs and Title Agents - Scott Perry/PA (9 replies)
10/10/2011 10:49:01 AM (3363 views)

[+] Robosigning 2 Mortgage Foreclosure File Reviewers - Leigh Attridge/MA (1 reply)
10/10/2011 9:20:36 AM (4805 views)




When the Uprooted Put Down Roots - Leigh Attridge/MA
10/10/2011 9:11:29 AM (4300 views)

Update Your Directory Listing! - Robert Franco/OH
10/7/2011 3:41:48 PM (2430 views)

Squatters' Rights - Leigh Attridge/MA
10/5/2011 4:26:59 PM (4327 views)

[+] Full copies - H/GA (6 replies)
10/4/2011 11:54:56 PM (3643 views)

[+] CONDO and HOA liens; FYI new law - CHARLENE  PERRY/MD (4 replies)
10/4/2011 11:18:26 AM (3482 views)

[+] Abstrax LLC Apologizes - Leigh Attridge/MA (4 replies)
10/3/2011 4:34:36 PM (3904 views)

[+] Comment on "Not Quite Fixed" - Source of Title/OH (3 replies)
10/3/2011 2:26:16 PM (3314 views)

[+] RedVision - Alix Ott/MI (3 replies)
10/3/2011 1:51:22 PM (4774 views)

[+] Bank of America Gets Foreclosed On! - Edward Huguenin/SC (16 replies)
10/2/2011 9:26:47 AM (5453 views)

[+] Abstracts USA back? - Brandon/MI (1 reply)
9/27/2011 10:28:20 AM (3576 views)


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