If you are considering working with lenders title solution, there are certain pertinent questions you need to ask them. These include:
Who are your clients?
The answer you get will depend on who referred you to the company. In case you were referred by your lender, one thing the title company will tell you is they are representing the lender. On the other hand, if you were referred to the foreclosure and default management, then they might be representing the real estate agent. It could even be that they are the owners of the company and their goal is to close the sale.
Will you carry out a thorough title search and disclose the results to me?
This is definitely one of the most important questions that you can ask. This is because one in every four titles usually have a problem at the commitment period. It is key for the home buyers to choose a title company that take the necessary steps in identifying, disclosing, and resolving the various issues before the closing.
How safe is my money?
How a title company handles the escrow funds is quite important. All those stories that you read are quite true. There are many people who lose money because of dealing with some incompetent, dishonest, and insolvent title solutions. Find out the internal control methods they use and whether they have segregation of duties in a bid to safeguard the funds of the buyers and sellers. What are their procedures for balancing escrows? All these are important considerations.