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re: In Landmark decision, Jury Finds Realtors Conspired to inflate Commissions|$1.8 B verdict
Posted on 11/1/23 at 11:36 am to billjamin
Posted on 11/1/23 at 11:36 am to billjamin
quote:
Why do I have to pay them for a service and also buy insurance for them fricking up? Makes zero sense.
Because those charges are for different things. All or most of the fee for the title insurance is going to whoever the title insurance provider is, not the closing attorney. Depending on how things are structured with the closing attorney, most of the fees probably aren’t going to them other than just their settlement/closing fee and the fee for preparing the deed.
Also, you are absolutely free to not get an owner’s policy if you don’t want it. A property’s title can be very complex sometimes, so even if a title company/closing attorney does their due diligence, it is possible for something to be missed in the title search.
1
Posted on 11/1/23 at 11:43 am to Roll Tide Ravens
I've addressed all of that previously ITT.
Fun note:
Since this keeps getting bumped we're up to 104 people who think it's bullshite and 9 people who work at title companies trying to defend their existence.
Fun note:
Since this keeps getting bumped we're up to 104 people who think it's bullshite and 9 people who work at title companies trying to defend their existence.
This post was edited on 11/1/23 at 11:59 am
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