A very simple explanation of title insurance and why it is important for every homeowner courtesy of www.ctic.com: Title policies insure owners and lenders against possible losses from claims against real property ownership. The preliminary report or commitment provides advance information on matters which will be excepted from coverage. Lenders and owners are thereby given an opportunity to … [Read more...]
21 Reasons You Need Title Insurance
It's a common question... Why do I need title insurance? I am asked that question a couple times a month, usually during a loan closing. The question is asked right after I cover the title insurance fees on the HUD-1 Settlement Statement. The short reply is to protect you as the rightful owner of the property. A much more complete list is included below (I have to admit, I am not able … [Read more...]
7 Reasons I Hate Sales Reps From Title Companies
Today, I was reminded of something that I have made light of for years as I listened a title rep from a local title company completely bamboozle a loan officer in an office next to me. It was surreal - and because I have seen this go on for years and years - I finally decided to write a post just tossing it out into the arena of public opinion. Ok, so maybe "hate" is a strong word. The … [Read more...]