# #  You will lose the house or land that you think you bought.  To add insult to injury, if you borrowed the money to buy it, and gave a note to whoever loaned you that money, you are still on the hook for it.

I bought a house once with no title insurance.  The risk is that someone could come knocking on your door claiming that they own the property or have some lien on it.  I owned that house for about six years.  I sold it .  I never ever mentioned to anyone that I had bought it with no title insurance until aftr I sold it.  .  Title insureance is like any other insurance.  You don't need it unless you need it. 

Title issues can be very expensive to resolve.

There are too many to mention. A buyer should always get title insurance. 

If a problem on the title comes up after closing then the buyer will have to hire the attorney to sort it out.

the biggest risk is having to defend yourself against claims against your title without the benefit of insurance - it can be VERY expensive

Risky enough that I wouldn't risk it.  Similar to playing Rusian roulette with load pistol.

If you get a mortgage, it's not an option.  The banks require it.

Would not go there! It is not worth the risk!!

If you purchase in Oklahoma City with even cash, title companies will not close you without it. Even if you could close without it I would write up a You're an Idiot addendum so that I could not be held liable.

You have no protection if liens are later discovered.

Hmm. In our area that is a seller cost, buyer buys a lender policy if getting a loan. Your question begs a question. What kind of scene are you dealing with?

If you need a loan the risk of not getting one.  If you are paying cash the risk of buying something that someone else has a vested interest in.

You could be buying a property with various liens affecting it !

Ain't worth the risk!

Minnette Olsen For buyers here is a risk of a judgment or a mechanics lien that didn't come up during the initial title abstract. For sellers, lenders require title insurance for the loan.

Losing your property and losing lots of money.   Neither is good.

Fred Griffin nailed the answer!

You could loose your house because there could be leans or not a clear title on it.  Do not chance it.

Gaps in title insurance coverage can effect you ability to sell or finance a property.

Title insurance equals about 1 hour of lawyers fees, how can one not afford this safetey net

Fred gave you the answer.....title insurance is a no-brainer....everyone needs it and it's a one shot deal.... pay once.

Is it optional??!! 

If you have a mortgage, you have no choice. You will have title insurance to protect the lender's interest in the title.

The others have answered.

Ron Climer is tellling you the truth, plain and simple. If you don't have it you have a risk. If there's a problem you have a BIG problem.

Minnette Olsen -  Ron Climer has an excellent answer...

Since legal counsel are the ones who sell the title insurance in our jurisdiction, it is best that they provide comments to your question as they are most familiar with the various products.

Not knowing if there are any clouds on the title or liens or judgments.

No protection if there is a problem latger discovered with the title, such as an unknown lien, someone with a claim to the property, etc.

I do not think one can do that in California.