Thank you for reply.
Lack of understanding and/or too much research work are the only reasons I can think of HOAs being rejected in Texas.
Almost all of them refer to 2 year right of redemption which is for tax sale and not HOA sale.
I have checked following sources and cannot find any reason why HOAs trustee deeds are rejected:
1) Virtual Underwriter site: www.vuwriter.com
2) Title Standards found on the Oil, Gas and Energy Resources Law, Section of the State Bar of Texas. www.oilgas.org
3) Professor Leopold's more recent updated edition of Lange's Texas Land Titles treatise.
I also understand that title insurance is a contract of indemnity between two parties. And if such contract is demanded/required for a well functioning
real estate market (i.e.mortgage) then why the premium on those are capped so a underwriter "perceiving" more risk can charge more premium
(such as a young male driver auto insurance policy being more expensive than his father's).
I believe it is capped because the intention of law is to make it "accessible" to the mass market. Then it means one cannot be "denied such service" with no apparent reason.
So, I am looking for sources that support such claim.
Again, can one being denied a title insurance policy for any reason? And if yes, can one be denied an explanation for denial?
Providing justification is well established in credit market. If one denies based on a credit report then he or she must provide a copy of it and reasons behind it?
Otherwise one may trigger some discrimination law.
Now in this case the property's historic chain of title is its "credit history" and does the current owner has a right be informed why he is being
rejected?
Thanks
A
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