Legal Question in Real Estate Law in New York
I am currently in the midst of purchasing a house in New York. I have a contract from the seller but one clause I am having difficulty in accepting is that the seller has indicated where (name of corporation) to accept the title insurance from. Should I be worried about this?
If I accept this now in order to lock the seller into the contract, can I eventually change the itle insurance corporation?
Asked on 2/27/13, 11:14 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
The party paying for the title policy picks the title company.
Answered on 2/27/13, 11:19 am
Arnold Nager
Arnold H. Nager, Esquire
You should be free to choose any title company licensed in NY state.
Answered on 2/27/13, 12:46 pm