{"id":736,"date":"2023-05-25T22:35:51","date_gmt":"2023-05-25T22:35:51","guid":{"rendered":"https:\/\/cms.myprojectstaging.net\/proven-national\/?p=736"},"modified":"2023-05-26T21:32:49","modified_gmt":"2023-05-26T21:32:49","slug":"how-to-choose-a-title-closing-firm","status":"publish","type":"post","link":"https:\/\/provennationaltitle.com\/?p=736","title":{"rendered":"HOW TO CHOOSE A TITLE CLOSING FIRM?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"736\" class=\"elementor elementor-736\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-827b029 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"827b029\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1417983\" data-id=\"1417983\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-baa4cf5 elementor-widget elementor-widget-heading\" data-id=\"baa4cf5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHAT SAFEGUARDS ARE IN PLACE TO PROTECT MY INVESTMENT?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fddf4cf elementor-widget elementor-widget-heading\" data-id=\"fddf4cf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">HOW TO CHOOSE A TITLE CLOSING FIRM?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd89ae6 elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"cd89ae6\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-bcf3556 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/provennationaltitle.com\/?m=20230525\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>May 25, 2023<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-852fdab elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/provennationaltitle.com\/author\/m1dx\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-user-circle\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tm1dx\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68c5291 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"68c5291\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65b28d6\" data-id=\"65b28d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3098f45 elementor-widget elementor-widget-image\" data-id=\"3098f45\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-1-1024x538.jpg\" class=\"attachment-large size-large wp-image-760\" alt=\"|\" srcset=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-1-1024x538.jpg 1024w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-1-300x158.jpg 300w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-1-768x403.jpg 768w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-babe0b4 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"babe0b4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5976613\" data-id=\"5976613\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d9b5ab ze-table elementor-widget elementor-widget-html\" data-id=\"8d9b5ab\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<table>\n    <thead>\n        <tr>\n            <td><h4>TABLE OF CONTENTS<\/h4><\/td>\n        <\/tr>\n    <\/thead>\n    <tbody>\n        <tr>\n            <td>\n                <ol>\n                    <li> <a href=\"#\">Is My Cash Secure?<\/a><\/li>\n                    <li> <a href=\"#\">What safeguards are in place to protect my investment?<\/a><\/li>\n                    <li> <a href=\"#\">Is my title firm a third-party neutral?<\/a><\/li>\n                    <li> <a href=\"#\">Do you do extensive title searches and make exceptions known?<\/a><\/li>\n                    <li> <a href=\"#\"><b>Are you a family or locally owned and operated business?<\/b><\/a><\/li>\n                <\/ol>\n            <\/td>\n        <\/tr>\n    <\/tbody>\n<\/table>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f542e61 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f542e61\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bbfd7d7\" data-id=\"bbfd7d7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36f2755 elementor-widget elementor-widget-text-editor\" data-id=\"36f2755\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Real Estate Settlement Procedures Act (RESPA) permits homeowners to select their own title company, however, the title and closing procedures are complicated for most people.<\/p><p>Even though closing expenses account for 2 to 7% of the cost of a property, most buyers have no idea what they\u2019re paying for, who they\u2019re employing, how much they\u2019re spending, or why.<\/p><p>Brokers frequently try to assist their clients by introducing them to a title business, however, the Texas Real Estate Commission (TREC) states that consumers must finally choose a title insurance provider.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b7631cd\" data-id=\"b7631cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0193172 elementor-widget elementor-widget-image\" data-id=\"0193172\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"139\" height=\"115\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-2.jpg\" class=\"attachment-large size-large wp-image-784\" alt=\"|\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2cced3c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2cced3c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-813c532\" data-id=\"813c532\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b599d2 elementor-widget elementor-widget-text-editor\" data-id=\"3b599d2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>TREC invites consumers to contact TREC and\/or the Texas Department of Insurance to compare prices and services to see whether they are worth it. Keep in mind that choosing a title insurance company is about more than just price. The title and closing company\u2019s quality and variety of services can be the difference between a seamless transaction and one that never gets to the closing table.<\/p><p>Homebuyers should ask their title insurance firm the following questions, and real estate agents who know the answers will be able to better assist their customers in making a decision.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8cecd06\" data-id=\"8cecd06\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f5c66a8 elementor-widget elementor-widget-image\" data-id=\"f5c66a8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"169\" height=\"169\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-3.jpg\" class=\"attachment-large size-large wp-image-785\" alt=\"|\" srcset=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-3.jpg 169w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-3-150x150.jpg 150w\" sizes=\"(max-width: 169px) 100vw, 169px\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc8e91c elementor-widget elementor-widget-heading\" data-id=\"dc8e91c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IS MY CASH SECURE?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-29cb4e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29cb4e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2808be6\" data-id=\"2808be6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8516b10 elementor-widget elementor-widget-text-editor\" data-id=\"8516b10\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Why should you inquire: It\u2019s critical that a title business manages its escrow monies properly. People do lose money as a result of incompetent, insolvent, or dishonest title and escrow companies, as reported in the news.<\/p><p>Consumers are being educated about the importance of properly selecting their own title and escrow provider by reputable companies.<\/p><p><strong>What to inquire about:<\/strong>\u00a0What internal controls, procedures, and segregation of duties do title businesses have in place to protect the funds of purchasers and sellers? What procedures do they take to keep escrows balanced? When was the last time they gave money to the government?<\/p><p>Simply because a title firm is tiny or new does not indicate it lacks the necessary measures to safeguard funds. Make sure, however, that the stability and reputation of the organization you choose are acceptable to you.<\/p><p>Inquire of others, particularly those in the real estate industry, about whoever they would recommend and put their money in. After all, it\u2019s their business. A good title company will be delighted to discuss its controls for safeguarding clients\u2019 assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9ccf006\" data-id=\"9ccf006\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e42f2df elementor-widget elementor-widget-image\" data-id=\"e42f2df\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"409\" height=\"230\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-4.jpg\" class=\"attachment-large size-large wp-image-786\" alt=\"|\" srcset=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-4.jpg 409w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-4-300x169.jpg 300w\" sizes=\"(max-width: 409px) 100vw, 409px\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-a2cea80 elementor-widget elementor-widget-heading\" data-id=\"a2cea80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">WHAT SAFEGUARDS ARE IN PLACE TO PROTECT MY INVESTMENT?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1453bf9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1453bf9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-817550e\" data-id=\"817550e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-036abb2 elementor-widget elementor-widget-text-editor\" data-id=\"036abb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Why should you inquire: It is critical to safeguard not just the clients\u2019 finances, but also their long-term investments. Inquiring about an underwriter\u2019s financial rating is perfectly acceptable for Realtors and homebuyers, and a trustworthy title business will be grateful you did.<\/p><p>The following is an explanation of the ratings: A+ or A\u2019, A, or B+: A title underwriter\u2019s overall financial health is solid, indicating that it will be able to meet any future claims.<\/p><p>These companies, on average, have strong operating profitability, are well funded, and have sufficient reserves. B: In this category, the ability to meet future claims can vary greatly.<\/p><p>As a result, compare specific companies in this category with great caution. C+: These organizations may have below-average financial parameters, but they are nonetheless rated \u201cinvestment grade.\u201d<\/p><p><strong>C-rating:<\/strong>\u00a0May have financial issues in one or more of the following areas: liquidity, asset quality, capital, reserves, or earnings.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b8e2f elementor-widget elementor-widget-heading\" data-id=\"78b8e2f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IS MY TITLE FIRM A THIRD-PARTY NEUTRAL?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6823f62 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6823f62\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bf1988b\" data-id=\"bf1988b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb2690d elementor-widget elementor-widget-text-editor\" data-id=\"bb2690d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Why should you inquire: Lenders, real estate businesses, and builders now own some title companies. If properly constructed and stated, these agreements are legal. However, when there is no conflict of interest or financial incentive for referring title business, the customer is generally best protected. Consider whether the buyer\u2019s interests would be better served if the escrow money and closing were handled by a neutral third party when contemplating an affiliated title business.<\/p><p>Have you submitted your rates to the Division of Insurance? What other fees and charges do you have in addition to the premium you told me about?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-71fda8e\" data-id=\"71fda8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f568f8 elementor-widget elementor-widget-image\" data-id=\"0f568f8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"144\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-5.jpg\" class=\"attachment-large size-large wp-image-788\" alt=\"|\" srcset=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-5.jpg 468w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-5-300x92.jpg 300w\" sizes=\"(max-width: 468px) 100vw, 468px\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-0013ab4 elementor-widget elementor-widget-heading\" data-id=\"0013ab4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Should You Inquire:\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e0f5efa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e0f5efa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-a3f76fb\" data-id=\"a3f76fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a47145c elementor-widget elementor-widget-text-editor\" data-id=\"a47145c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>By law, title insurance businesses must file rates with the Division of Insurance, and they are unable to discount or deviate from those prices.<\/p><p>Buyers may be tempted to seek out and follow the lowest rate, but if a title insurance premium is significantly cheaper than the market rate, this should raise concerns about whether the company is providing essential title and closing services in accordance with RESPA.<\/p><p>Cut-rate premiums could also suggest a lack of knowledge, a lack of financial and accounting controls, poor title searches and examinations, or a poor source of property data. Shopping for the cheapest premium can backfire since many title agencies charge additional costs to make up for the difference.<\/p><p>Electronic delivery expenses, overnight courier fees, cashier\u2019s check fees, release tracking fees, wire fees, and other title business fees can sometimes exceed the difference between the cheaper premium and the market rate provided by reputable title companies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0bdc99 elementor-widget elementor-widget-heading\" data-id=\"c0bdc99\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DO YOU DO EXTENSIVE TITLE SEARCHES AND MAKE EXCEPTIONS KNOWN?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-88712c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"88712c5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fccd62a\" data-id=\"fccd62a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82e597e elementor-widget elementor-widget-text-editor\" data-id=\"82e597e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Why should you inquire: Would you advise your purchasers to accept a title commitment that lists \u201cany and all documents of record\u201d and \u201cany and all easements of record\u201d on the exclusions page, rather than notifying them what those documents are, as a Realtor looking out for their best interests?<\/p><p>That\u2019s like telling people they have to perform their own research to figure out what encumbrances they have on the property!<\/p><p>Would you expect to hear about a 30-foot public service easement along one side of your property before closing if you were going to buy it?<\/p><p>In reality, some title companies provide pledges that do not explicitly identify encumbrances like these. In November 2008, the American Land Title Association (ALTA) convened to discuss industry best practices.<\/p><p>They emphasized the significance of a thorough search and a strong title product (the commitment and policy). They also spoke out against some title companies\u2019 growing practice of issuing \u201cgarbage exceptions,\u201d which are overly broad exceptions made without reference to the public records that are voiding the coverage.<\/p><p>Title insurance providers are expected to meet certain standards set forth by federal, state, and industry laws. Given that one out of every four deals has a cloud on the title at the time of commitment, it\u2019s critical that homebuyers engage with title companies that detect, disclose, and resolve all concerns prior to closing.<\/p><p>A skilled Realtor may ensure that the title firm performs a \u201creasonable inspection\u201d for each transaction, including supplying the buyer with real recorded documentation for each exception as required by the contract.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-919fd94\" data-id=\"919fd94\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-535ab50 elementor-widget elementor-widget-image\" data-id=\"535ab50\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"196\" src=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-6.jpg\" class=\"attachment-large size-large wp-image-795\" alt=\"|\" srcset=\"https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-6.jpg 468w, https:\/\/provennationaltitle.com\/wp-content\/uploads\/2023\/05\/ezgif.com-webp-to-jpg-6-300x126.jpg 300w\" sizes=\"(max-width: 468px) 100vw, 468px\" title=\"|\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa8cadc elementor-widget elementor-widget-heading\" data-id=\"aa8cadc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ARE YOU A FAMILY OR LOCALLY OWNED AND OPERATED BUSINESS?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-69e15ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69e15ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6c9aaa5\" data-id=\"6c9aaa5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-561f84a elementor-widget elementor-widget-text-editor\" data-id=\"561f84a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Why should you inquire when there are a number of reliable national title insurance businesses that provide suitable products and services?<\/p><p>Many title businesses, on the other hand, outsource the creation of title commitments to other countries. A product made locally, by local personnel, has benefits that a product made elsewhere does not.<\/p><p>You\u2019ll be supporting local employees who live and work in your communities by using a local title insurance business, which is familiar with the local real estate industry. When compared to national enterprises, local independent businesses return more money to the local economy, are more invested in its future, and provide 2 to 3 times more support to local non-profit groups.<\/p><p>You\u2019ll also notice faster response times to issues when they arise, as decision-making takes place locally, and their local reputation is built on providing good customer service.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>WHAT SAFEGUARDS ARE IN PLACE TO PROTECT MY INVESTMENT? HOW TO CHOOSE A TITLE CLOSING FIRM? TABLE OF CONTENTS Is My Cash Secure? What safeguards are in place to protect my investment? Is my title firm a third-party neutral? Do you do extensive title searches and make exceptions known? Are you a family or locally [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":760,"comment_status":"closed","ping_status":"open","sticky":true,"template":"elementor_header_footer","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/posts\/736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=736"}],"version-history":[{"count":46,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/posts\/736\/revisions"}],"predecessor-version":[{"id":1000,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/posts\/736\/revisions\/1000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=\/wp\/v2\/media\/760"}],"wp:attachment":[{"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/provennationaltitle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}