Yes, Receivers Can Get Title Insurance for Real Estate Sales

Yes, experienced receivers can reliably get conventional title insurance for real estate sales – both for bulk property sales and ‘retail’ condo and single family properties.  I’m actively selling real property as receiver with clean title insurance policies issued by major title insurance companies.  And, moreover, the title insurnance is free and clear of subordinate liens and claims, pursuant to orders issued by the Court.  However, I’ve been asked this question over the past few weeks by a number of lenders and lawyers, who are apparently reacting to a new, somewhat more conservative policy by Chicago Title.  I understand that Chicago Title recently decided tha they would only issue title insurance for receivership real estate sales by experienced receivers with whom they had a high degree of confidence.  I am pleased to report that I am one of those receivers, and we are actively closing real property sales with title insurance issued by Chicago Title.  If you want to know more, feel free to call me at my office at 310-230-3400, and I’ll be happy to talk with you about it.