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re: Home Mortage Closing Costs: Bait & Switch, Is It Legal?
Posted on 2/24/15 at 9:16 pm to TigerAlum1982
Posted on 2/24/15 at 9:16 pm to TigerAlum1982
quote:Right. The way the pricing chart works is the amount of the lender's policy is set then a discount is given off the owner's policy if you buy both. The OP referenced a high owner's premium and a lower lender's premium. It is possible that this may be backwards or that the lower amount is the difference in price if you buy both, making it pretty cost effective to do so.
Price of the lender's insurance did not change.
Posted on 2/24/15 at 10:22 pm to geauxpurple
What title company did this, not that I think they did anything wrong? I do think the attorney could have possibly explained it better since you are obviously confused. Title insurance rates are regulated so you should pay the same rates no matter where you go.
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