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#1
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Is there any way to save money on Title Insurance? (real post, not troll)
I'm closing in three weeks, and my lawyer agreements includes the title
search and the option for title insurance. I don't have an option to obtain title insurance, but I seem to have some option about where to obtain it from. My lawyer's agreements states that they receive some portion of the insurance premium. Do you know if there is some other path to obtain title insurance (for the lender and me) than through my lawyer. Is this something I can shop around? How would I do that. I hate paying for stuff I can't compare prices on, because I feel like I"m always getting ripped off. Any thoughts would be great. P -- _______________________________________ El Penguini - 1/2 Penguin, 1/2 Chicken - All Fowl "Penguins is practically chickens" |
#2
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Is there any way to save money on Title Insurance? (real post, not troll)
On Sun, 25 Jul 2004 14:27:10 GMT, someone wrote:
... My lawyer's agreements states that they receive some portion of the insurance premium. Yes, this has been disclosed. Lots of people get paid when things are bought. Some people are on salaries where the cost is built in, and some are on commissions like the real estate people and insurance people where the cost is also built in. (In this case, the issuing lawyer is also essentially the insurance agent.) In most states title insurance is regulated in a way that results in fixed prices for consumers. Nobody pays any less than you, but you don't pay less than anybody else either. There are a lot of gripes about the way this industry is structured, but the way to address that is with years of lobbying and legislative efforts for everyone. It is too late to reinvent the wheel by the time one individual is 3 weeks from closing. -v. |
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