How To Find a Good Title Company

Good Evening Friends,

I need some help here....I am very confused. I want to see what your opinion is about a matter I am having a problem with...

If someone buys a training program - uses ALL the coaching (three months), takes the ENTIRE three month course, KEEPS all the programs - is this person entitled to a full refund?

Please let me know what you think...

Now - on to business... I get so many calls from people who are having a hard time finding a title company or understanding their role in the closing. Maybe this will help...

Title companies can be found through numerous sources. Your real estate broker may be able to recommend a trustworthy company that you can try. It is good to know that people you respect use a particular title company that they like well enough to recommend.

Meet with a representative at the title company to discuss how the company can service your needs. Title companies handle closings, sometimes called settlements. A title company performs title searches. This is a search, sometimes called an abstract search, through the title of the property beginning with the original owner and continuing through the current owner. This search is performed to locate any unpaid liens or judgments existing against the property or the owners of the property. Occasionally, a lien will be overlooked and for this reason title insurance is available. Once a title search is completed, and if clear, the title company will provide an owner's title insurance policy. This is a policy issued to you, at your option, to protect against arising liens or claims of ownership not found in the title search.

Generally, if a purchaser will be placing a mortgage against the property in order to purchase it, the mortgage holder will require a mortgagee's title insurance policy, which will be issued to them by the title company and paid for by the borrower. This policy is issued to the mortgage holder to insure against arising liens not found in the search.

When the title company receives a Contract For Sale and Purchase, including the earnest money deposit posted under the contract, it places that deposit in escrow. An escrow account, also known as a trust account, is a non-interest bearing bank account set up to hold a deposit until the closing occurs. The title company will prepare an escrow letter for the lender. This is a letter stating that a deposit is being held pending a certain contract. In most states, without a deposit being held, no valid contract exists, regardless of signatures.

The title company does not represent the seller or the buyer in the transaction and has no duty to protect their interest. The title company is being hired for a transaction. In order to fully protect your rights as a seller or a buyer, hire an attorney. As closing nears, the title search will be completed and a title commitment will be issued to the lender. This is a commitment to the lender that title is clear and a policy will be issued.

At closing, all agents, buyers, and sellers meet to execute the closing documents and exchange money, keys, and warranties (if any). The title company will either overnight mail or courier the deed, mortgages, etc. to the courthouse for recording. If you establish repeat business by using the same title company to purchase and then to sell, discuss reduction of your costs. Ask to pay "promulgated rate" for title insurance. This is the lowest rate (price) allowable by law that a title company can charge for title insurance.

Remember, almost all costs are negotiable.

Hope this helps...

Have a Blessed Evening,

Dwan
http://www.theieu.com/