Posted on: 27th Feb, 2010 01:27 pm
We have a lender and have already signed a Loan commitment and the GFE paperwork. The closing is about a month away. I am now learning that it may be possible to save money by purchasing title insurance yourself rather than going with the title company selected by the lender. Is it too late to notify the lender that I will buy the title insurance myself?
if it's a refinance, you can go back to your original title company and can probably give you a re-issue rate on your insurance which will probably be less than what you will be charged by the new title.
Thanks Ted. It is a purchase of a home.
If it's a purchase. The seller or your attorney should order Title. The lender doesn't order Title on purchase transactions. They can but, the seller or your attorney should handle that.
Title bills consist of POLICY PREMIUMS, and then fees for endorsements and other Miscelaneous fees
The Premium is based on a cost per thousand borrowed. That is standard.
But other charges can be filled with profit for the title agency. Ex. Copy fees, traveling, simple endorsements can be quadrupled in fee.
If your attorney has a relationship with the title co. then you should be OK.
Good Luck
The Premium is based on a cost per thousand borrowed. That is standard.
But other charges can be filled with profit for the title agency. Ex. Copy fees, traveling, simple endorsements can be quadrupled in fee.
If your attorney has a relationship with the title co. then you should be OK.
Good Luck
HILO, Hawaii — A official at the Pacific Tsunami Warning Center says Hawaii "dodged a bullet" after a major earthquake sent powerful waves roiling around the Pacific. It still will be about an hour before officials will be willing to give an all-clear in Hawaii, but there were no immediate reports of major damage around the Pacific rim. just tidal surges that reached up to about seven feet in some island chains.
It's scary stuff!!!
It's scary stuff!!!