%&#*331th Official Hard At Work Thread%&#*%
07-18-2011 | 05:36 AM
#52
Registered User
Joined: Nov 2000
Posts: 16,310
Likes: 17
From: In the ether.
Originally Posted by gfacter' timestamp='1310993285' post='20789786
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
I hate to pay for extra gaff if I don't have to.
And good morning.
07-18-2011 | 06:05 AM
#57
Registered User
Joined: Nov 2000
Posts: 16,310
Likes: 17
From: In the ether.
Originally Posted by speed_bump' timestamp='1310993987' post='20789827
[quote name='gfacter' timestamp='1310993285' post='20789786']
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
And good morning.
[/quote]
http://www.boston.com/realestate/new...surance_1.html
Full Disclosure: The Role Of The Closing Attorney
Most homebuyers don’t know that the closing attorney, as the agent of the title company, pockets a share (typically 70%) of the title insurance commissions paid at closing. While lender’s policies are required by lenders, closings attorneys do have a financial incentive to recommend owner’s policies for buyers. But not getting title insurance for this reason is like saying you shouldn’t buy life insurance because your financial advisor makes money off it. The risk of a title defect rendering your property unmarketable remains regardless of whether the closing attorney has a financial stake in the matter.
Ask any real estate professional. Get title insurance.
Full Disclosure: The Role Of The Closing Attorney
Most homebuyers don’t know that the closing attorney, as the agent of the title company, pockets a share (typically 70%) of the title insurance commissions paid at closing. While lender’s policies are required by lenders, closings attorneys do have a financial incentive to recommend owner’s policies for buyers. But not getting title insurance for this reason is like saying you shouldn’t buy life insurance because your financial advisor makes money off it. The risk of a title defect rendering your property unmarketable remains regardless of whether the closing attorney has a financial stake in the matter.
Ask any real estate professional. Get title insurance.
07-18-2011 | 06:17 AM
#58
Thread Starter
Registered User
Joined: Apr 2009
Posts: 13,382
Likes: 0
From: I am, wherever I say I am.
Originally Posted by animeS2K' timestamp='1310996196' post='20789908
[quote name='speed_bump' timestamp='1310993987' post='20789827']
[quote name='gfacter' timestamp='1310993285' post='20789786']
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
[quote name='gfacter' timestamp='1310993285' post='20789786']
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
And good morning.
[/quote]
http://www.boston.com/realestate/new...surance_1.html
Full Disclosure: The Role Of The Closing Attorney
Most homebuyers don’t know that the closing attorney, as the agent of the title company, pockets a share (typically 70%) of the title insurance commissions paid at closing. While lender’s policies are required by lenders, closings attorneys do have a financial incentive to recommend owner’s policies for buyers. But not getting title insurance for this reason is like saying you shouldn’t buy life insurance because your financial advisor makes money off it. The risk of a title defect rendering your property unmarketable remains regardless of whether the closing attorney has a financial stake in the matter.
Ask any real driver. It doesn't matter if you win by an inch or a mile; winning's winning.
Full Disclosure: The Role Of The Closing Attorney
Most homebuyers don’t know that the closing attorney, as the agent of the title company, pockets a share (typically 70%) of the title insurance commissions paid at closing. While lender’s policies are required by lenders, closings attorneys do have a financial incentive to recommend owner’s policies for buyers. But not getting title insurance for this reason is like saying you shouldn’t buy life insurance because your financial advisor makes money off it. The risk of a title defect rendering your property unmarketable remains regardless of whether the closing attorney has a financial stake in the matter.
Ask any real driver. It doesn't matter if you win by an inch or a mile; winning's winning.
07-18-2011 | 06:45 AM
#60
Registered User
Joined: Jun 2005
Posts: 7,261
Likes: 1
From: The Blue Ridge
Originally Posted by gfacter' timestamp='1310993285' post='20789786
the title co gets a 80% commission from the policy. and the actual payout on claims is very low.
I hate to pay for extra gaff if I don't have to.
I hate to pay for extra gaff if I don't have to.
There have been a few lawsuits about titles for the two parcels of land that made up the ski resort and some other properties near there. Your place is probably OK, but that is a huge gamble compared to the cost.