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When is a Title Opinion used?

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weylkingdom Joined: 26 Apr 2009 Posts: 1 1.00 Dollars($)	Posted: Sun Apr 26, 2009 7:25 pm    Post subject: When is a Title Opinion used? Like 0 Dislike 0 If property sold and the closing was set for a certain date, which didn't happen, then 5 weeks later there is a title opinion, what is the reason?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Sun Apr 26, 2009 9:38 pm    Post subject: Like 0 Dislike 0 Hi weylkingdom! Welcome to forums! A title opinion is defined as an attorney's or mortgage company's professional judgment of the owner's rights to the property. This is followed by a Title Search by the attorney. I guess your mortgage company wants to judge your rights to the property. Sussane

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