From: steelvest@hotmail.com (SteelVest)
Newsgroups: alt.invest.real-estate
Subject: Re: Title Insurance - Discount for buyer?
Date: 13 Jul 2004 07:49:25 -0700

Mike  wrote in message news:<99684689.00016b7f.096@drn.newsguy.com>...
> Hello,
> 
> I live in Virginia, and purchased my home in '97 and bought TI.  I am now trying
> to do a FSBO, and a one person that was looking at my property told me he was
> looking for 1031 properties and gave me a lot of nice information about getting
> my property ready to sale.
> 
> One thing he mentioned was that since I own TI, I should be able to use that TI
> to reduce the buyers cost of purchasing TI.  I've never heard of this before. 
> Does it have something to do with the fact that I am the original owner of the
> house, and the title should be relativly clear?
> 
> I mean, if I can save the purchaser a few hundred, or thousand dollars, a penny
> saved.....
> 
> 
> -Mike

  It's called the reissue rate - and is a lower rate because of you
having title insurance on the property.

SteelVEST