Ok, so that is title insurance, but what is a prelim? A 'Prelim' is a term used to describe a preliminary title report. It shows who owns the land and any encumbrances the title company can see at first glance. It is in no way a full title report or policy and does not mean that the title company is insuring the land. As a real estate professional I would never suggest that my clients use a prelim in replacement of a title policy. It could be a huge gamble to the Buyer. Having the Seller purchase the policy protects the Buyer and the Seller.
Bob Keeran and I went out to the desert to discuss this topic specifically:
Land for Sale in Adelanto, CA - Kristen L. Maley (Realtor, Land Pricing Specialist at LandCore Realty). LandCore Realty provides cutting edge technology and marketing to it's clients. I specialize in helping land owners and those looking to invest in land in Adelanto, Victorville, Hesperia, Apple Valley, Helendale and surrounding areas.(760) 952-2345