Land Title Blog & Radio Show

YOUR CHOICE

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If you were buying a new Ford F-250, would you let your mother-in-law pick the color?

Would you get a telemarketer to name your firstborn?

Would you take fishing advice from a flight attendant (well, maybe if she’s from Alabama)?

Then why in the world would you let your lender tell you where to have your real estate closing?

If you pay, you choose.  The bank cannot force you to use their title company.

Nothing is free.  The lender may claim that they pay the closing costs, but the rate of the loan will be affected by them covering your title fees.  They’re making money at your expense—financially and maybe emotionally too.  That “one-stop” shopping—get your financing and your closing from your lender—is not as convenient as it is expensive!

Typical pitfalls of a lender-owned (or real estate broker-owned) title company include:

  • Extra charges for non-applicable fees
  • Not honoring applicable discounts
  • Motivation to just get the deal closed no matter what the fine print says

A locally owned third-party title company avoids these pitfalls, saving you money, and also gives you a fresh set of eyes reviewing your closing documents with you.  Don’t put all your eggs in one basket!  Seek some oversight when big money is on the table.

Look ya’ll, I’m buyin’ a house!

You can do it the smart way with a locally owned third-party title company and get better service and save money, or you can use the lender’s or real estate-owned title company—it’s your choice.  Be smart!!

Land Title of AmericaYOUR CHOICE

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