I’m currently purchasing a cheap property that went under mortgagee sale. It’s an old 80’s brick place that is completely original with no additions, no sheds, no new building etc. I’ve managed to buy it 20k under the already low asking price leaving a nice buffer. Now when talking to my conveyancer she said that due to it being a mortgagee sale the contract is quite strict with no way to back out even if there are any issues found once the searches completed. The conveyancer at first said there’s not really any use carrying out any searches besides the title search, though she still recommends them. So I said fine don’t worry about the non-necessary searches. Now they are trying to push title insurance on me. I don’t really think it is necessary due to everything being original and considering I'll be totally gutting and renovating the place anyway. The only issue I can think of would be outstanding water rates and council rates, but wouldn’t these be addressed normally during the conveyancing process? It’s starting to get annoying because it’s been 4 days now into settlement and it really feels as though they are trying to push insurance on me so they can get commission. I’ve bought 3 houses before and never has it been suggested to purchase this cover. What’s everyone else’s take on this?