Home Buyer Help

Valid HTML 4.01!

Down Payment Assistance Programs

Selecting A Title Company

As with anything, great ways to identify quality or problem companies is to simply ask friends and family for referrals. There is no better way than talking with someone who has experienced the services offered by a specific title company.

What is a title company? In reality, a title company is nothing more than an independent impartial entity that manages a closing process. However, they also do much more. Though a bit more complicated in process, a title company will typically issue or obtain insurance for your transaction with what is called a title policy. This insurance policy protects you the buyer, the seller and the mortgagor (the lender) against any defects in the lien from future or unknown present 3rd party claims which may arise resulting from prior ownership. Where an attorney is involved, they will order your title policy from a title company and manage the closing from their office.

When shopping title companies, these are the three most important things to consider:

There is a specific way to shopping a title company and the fees. What you will ask for is a "Sample HUD" outlining the associated fees for the buyer as they relate to the purchase of a property for "X" dollars. "X" will equal the amount you plan to spend for your home purchase. That could be $100,000.00 or $250,000.00, whatever you have determined your budget allows in terms of total purchase price.

Be sure to refer to the Title Company Fee worksheet to make the proper notes when quoting third party title companies. In all cases, compare quotes and ask questions about discrepancies between fees when items show up on one quote but not another. Title companies charge "Junk Fees" to and this is a good way to catch them.

Once you have identified a property to purchase, be sure you insist on using your title company. The only exception is if the seller is paying your closing costs, or if the seller agrees to pay the difference between what your title company quoted and what the sellers title company charges you.

Home Buyer Education:
Stealing Your Equity

Copyright Copyright Notice2003 - 2012 U.S. #TX0006199019 - All Rights Reserved
Privacy Policy/Terms of Use

Printer Friendly Page
Refer Our Website
Credit Repair Techniques
Mortgage Calculators
Benefits to Mortgage Professionals
Benefits to Builders
Benefits to Realtors
Benefits to Sellers
Real Estate Terms
Home Buyer Education
First Time Home Buyer Grants
Charity Resources
Benefits To Home Buyers
Down Payment Assistance Home Page
Frequently Asked Questions
Find Local Professionals
MLS Search
line bar2
line bar3
line bar4
line bar5
line bar6
line bar7
line bar9
line bar10
line bar11
line bar12
line bar13
line bar14
line bar15
line bar16
line bar17
line bar18

Stated Income Loans

bookmark this page

Link To Us - Your Link is why we are found in the search engines! Please Support Our Site

Down Payment Solutions
Find Success

Other Important Links for down payment assistance and first time home buyers:

Home Buyer Grants By State:
Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - Florida - Georgia - Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisiana - Maine - Maryland - Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - DC - West Virginia - Wisconsin - Wyoming