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Updated over 7 years ago on . Most recent reply

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Michael Westberry
  • Wholesaler
  • Rock Hill, SC
30
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Questions to ask title companies

Michael Westberry
  • Wholesaler
  • Rock Hill, SC
Posted

I have been looking around for title companies and was wondering what the questions to most effectively screen the companies would be?

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Guy Gimenez
  • Investor
  • Corpus Christi, TX
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Guy Gimenez
  • Investor
  • Corpus Christi, TX
Replied

@Michael Westberry 

1.  Ask for a copy of their standard seller side and buyer side closing documents

2.  Review (or have an attorney review) the documents and make revisions as necessary to limit your liability and get a cleaner set of documents. Not all title companies are alike and many will not allow changes to their documents so you may have to shop around a bit. 

3.  Ask if they close any non-traditional type transactions you intend to use. 

4.  Ask for a copy of their standard fees, and it title policy rates are not set by a governing body, then also ask about insurance premium rates.

This should be a decent starting point.  

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