Thursday, October 26, 2006
HOW DO YOU SHOP FOR A TITLE INSURANCE AGENT?
You should shop for your title insurance agent as you would any other consumer services, by comparing:CostsConvenience – when and where will you close?Service & expertise – how long will it take to process and how long have they been in business?How do you do a cost comparison? Any reputable title insurance agent will provide a quote in writing. The difference in cost may be negligible or
Tuesday, October 24, 2006
MARKETABLE AND INSURABLE TITLE
Marketability and insurability of title are subjective.The Pennsylvania Association of Realtors (PAR) sales agreement handles it this way: "The property will be conveyed with good and marketable title as is insurable by a reputable title insurance company at the regular rates......."I like this language. It leaves the insurability opinion in the hands of title insurance companies. The
Thursday, October 19, 2006
TITLE SEARCH vs. ATTORNEY TITLE OPINION vs. OWNER TITLE INSURANCE
TITLE SEARCH vs. ATTORNEY TITLE OPINION vs. OWNER TITLE INSURANCE.....WHAT'S THE DIFFERENCE??The difference is level of risk. The purchase of real estate is typically a family's largest investment. If you are in a position to choose whether or not to buy an owners title insurance policy, you need to understand the difference between the products.TITLE SEARCH: I'm not sure about other states, but
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