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Mark Fedorov
Pro Member
  • Allentown, PA
120
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264
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Don't do what I did.... title insurnace

Mark Fedorov
Pro Member
  • Allentown, PA
Posted Sep 28 2016, 20:50

Just throwing this out there, I bought an REO in order to flip it. My offer was accepted, I was lining up contractors and during the close the bank (BOA) offered that if I used their title company (Title 360 Inc), they would pay for my Title insurance (and save me $800).

Don't do that.

These people where horrible, not only crappy communication, telling me wrong dates and math errors on the closing docs; they did not record the deed, until I called them a month later and asked for a copy. THEN when I was selling it  4 months later, we discovered that they did not pay all the taxes. So I had to escrow $2000 to cover the taxes until they paid it (and they did) but that was alot of time and stress to save $800.

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