Attorney · Skokie, IL · Member since 2016 · 270 posts · 109 votes
7y
@Jim Francis I close all of my deals with Chicago Title. Ultimately, the title company won't make too much of a difference, your focus should be on retaining an attorney. Once you have an attorney who understands Seller financed deals, he/she will use the title company that he/she has a relationship with. The rate card for most title company are generally equivalent.
However, if you are the Buyer, it is likely that you will not be the party that chooses the title company. Also, keep in mind. Most of the time, it is the Seller who pays for title insurance, so it is the Seller, through his/her attorney who chooses which title company the closing will occur at. Good luck!
Attorney · Elmhurst, IL · Member since 2016 · 255 posts · 161 votes
7y
@Jim Francis Seller financing is something you should avail yourself as when you are purchasing and stray away from when Selling.
Anyone with a pulse and a 650 FICO score can get a loan today. You NEVER want to be the bank when you are involved in a RE transaction. Consider the financial reality during an average foreclosure (9 months no payments) and you will reconsider.