In 2001, Frank Garcia, a single man, conveys by warranty deed his property located at Lot 10, Block 5 in the Northern Subdivision to Angela Smith, a single woman. Angela Smith pays cash in the amount of $150,000 for the property. Since the purchase was an all-cash transaction, was a policy of title insurance or a lawyer's title opinion required in this purchase? If not, what would you recommend?

Answer rating: 100% (QA)

In many jurisdictions title insurance or a lawyers title opinion is not legally required fo... View the full answer