Buying Title Insurance in Las Vegas
What you want to look for in a Title Insurance Company is a business that specializes in providing prompt, courteous service. They should be able to provide you with updates, copies of document by fax and e-mail and be responsive when you have questions.
Some Title Companies have recently branched out into other real estate service areas. While this may be a great business opportunity for them, it is my opinion that selling title insurance, like making mortgage loans, creates a potential for conflicts of interest. It seems to me common sense that if you have a financial stake in a transaction, even as someone who sells title insurance, you should not be involved in other aspects of the transaction.
How long has it taken for mortgage lenders to take their fingers out of the proverbial pie? There is currently major litigation pending against the mortgage lender Countrywide for its non-disclosure of the fact that they charged excessive appraisal fees and that the fees were never passed along to the appraisers but kept as profits in each transaction.
As an appraiser and a broker, I would recommend that you do business with a Title Insurance Company that limits its business to the issuance of title insurance and escrow related activities. We really do not need more corporate control of the appraisal business, and I do not welcome the intrusion of Title Companies into it.
Copyright 2008, Glenn Rigdon, Horizon Village Realty
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