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Region One warns trusteeship program remains exposed after title‑insurance changes; offers $1,300 option
Summary
Region One Planning Council told Boone County the trustee property program faces state‑level title‑insurance uncertainty after the Tyler v. Henipin County decision, but it has negotiated an option to obtain title insurance for buyers for $1,300 and described land‑bank tools for Candlewick Lake parcels.
Region One Planning Council staff told the Boone County Board on April 16 that the statewide market for title insurance has tightened following the Supreme Court decision in Tyler v. Henipin County, which raised questions for buyers of tax‑trustee properties.
Eric Setter, speaking for Region One, described a temporary lull in title companies willing to insure purchases that go through the tax‑deed process and said…
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