Let say I purchase a property and after certain year I find out the basement which was done by previous owner is not done through permit and proper building code. Now if I am doing any rework in basement city is asking to correct the building codes. TO correct it will cost $$ amount. Will this be covered by title insurance or not? has anyone gone through such delima... I am asking specific to Stewart Title Guaranty Co. which does default title insurance when selling properties.
question on Title insurance
- Thread starter blueshirt
- Start date
Hi blueshirt if you use a realtor he/she should have advised you about it and as mentioned a home inspection would of helped too.
Tittle insurance will not cover it also if the city went to visit you is because there has been an incident of some kind or a nosy neighbour the government has no time to check house by house and it looks to me you are renting it or want to if the basement is finished for your own use is almost impossible that you will have any issue with the city.
Tittle insurance will not cover it also if the city went to visit you is because there has been an incident of some kind or a nosy neighbour the government has no time to check house by house and it looks to me you are renting it or want to if the basement is finished for your own use is almost impossible that you will have any issue with the city.
ALRIVAS said:
Usually home inspectors don't go and tear apart dry wall or break concrete to find if electrical wiring was done properly or the plumbing work done with proper code and having proper vent pipes. These things work for life and never get noticed unless someone has flood or fire in basement and house goes under reconstruction. So when we purchase a house we also inherit all the problems associated to the house knowingly and unknowingly. especially things which are hidden from visible eye. so my question was does title insurance cover such invisible issues.
