Reply #9: customerserviceguy, oh you are the individual with years of [View All]

[ms.smiler]

experience in the Title industry. I'll remember your name now. If you don't mind, I have a few questions.

A Title policy has points or areas that provide coverage, correct? They aren't simply policies that cover any and every type of Title problem.

The policy would have an amount of coverage to basically cover the value of the property, correct? The policy wouldn't cover damage that was done to the homeowner by wrongful foreclosure or slander of Title, correct?

There's the recent ruling in Massachusetts where the court determined an investor didn't receive clear Title after a wrongful foreclosure. I would think that individual would turn to their Title company. I also suspect that individual should sue the bank that sold him the property.

Now since the foreclosure wasn't lawful, the Deed belongs to the wrongfully foreclosed party, correct? That individual wouldn't rely on their Title insurance, would they? I'm thinking the wrongfully foreclosed party should sue the company who improperly foreclosed on them.

Basically, my Title insurance is supposed to insure me that I have a Title free of defects and is useful to me should someone come along with some type of claim to my property. Is that correct?

I understand my own situation but since that ruling, I was trying to better understand that situation and hoped to come across you. :-)