Closing Tip - Title Company

Folks remember the Title Company pretends to be a nuetral party, but really they do what the Realtor tells them to do.

You can ask them a question at the closing table and they can answer in whatever way makes you sign, Never assume because you asked for the Escrow papers to be a certain way and the Title Company TOLD you at your closing that the costs would be a certain way that this is true, Make the Closing Agent SLOW DOWN, and make them sign a statement that says in plain english the way your hearing what they are saying.

That way in the future when you get documents in the mail that tell a different story - you will have proof of what the Closing Agent told you. Often times Buyers and Sellers Do not read everything before they sign, and oftentimes they ask the Closing Agent what something means and they are told something that turns out to NOT be the total truth.

If you don't understand Don't Sign. If the title agent lies to you, you will have NO future recourse, DO NOT sign Until they word EVERYTHING the way you want them to and YOU fully understand.. Never trust that the Title Company has your Back - They Simply Do Not.

Find out what really goes on behind closed doors in your real estate transaction .. Go to www.SavvyBroker.com and subscribe to my Real Estate Whistleblower Blog.

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No Bailout for Fannie and Freddie

We are ALL tired of Corporate Bail Outs. The mortgage industry has being plummeting down a slippery slope for many, many years and Realtors have been helping. Mortgage Brokers push consumers into loans that they cannot afford - oh well the Mortgage Broker Still Gets paid. And when the consumers go bankrupt year after year it leads to Billion Dollar Giants like Fannie and Freddie to Collapse.

When Mortgage Brokers Write in Sellers Contributions - then adds it to the Purchase Price and adds on personal property and even large down payments it creates a false market. This SOLD data goes into YOUR MLS - Realtor Database - where appraisers and Realtors use the Data to "value" the next home up for sale. This keeps creating larger and larger "values" and larger and larger loans - collapse is / was inevitable. Mortgage Brokers and Realtors Lie - the Realtors Ender False Sold Data ON Purpose and On Accident and when you bring it to their attention they Will Not Change it...

The MLS just wants to "Go about their Business" they NEVER check the Realtor's File to see if the SOLD price is Right, appraiser use this... Appraises Value the property at "what it NEEDS to come in at" to make all parties happy and get the paycheck. Real Estate Broker Owners Can Be appraisers - More to Contribute to a collapsing housing marketing - false data. And mortgage brokers and appraisers work together to continue to let the housing marketing falsly climb.

Lenders seem to encourage things like "Sellers Contributions" which actually is a LIE in the MLS data, because the Home - the Real Estate Did not Really Sell for that price - it just Looks like it did. Lenders wanted it to "Make the Sale Go" everybody WINS in the moment but the market continued to FALSELY inflate and became out of reach for the available jobs and now that Fannie and Freddie are in trouble because they encouraged and contributed to pushing loans, creating false data, and their "people - lenders - mortgage brokers" got Filthy RICH along they way NOW THEY WANT a Government Bail out because of all of the FAILED LOANS in which they should NOT have Give Out in the First Place.

No Bail OUT for Fannie Mae and Freddie Mac.

Find OUT more of What REALLY goes on behind the Closed doors of the Real Estate Industry Subscribe to My Real Estate Whistleblower Blog at www.SavvyBroker.com and Get the TRUTH that you Really Need to Know about the Real Estate Industry.

Crystal Cox
Broker Owner

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Real Estate Attorney

Question, if a Real Estate Buyer has Legal Representation looking out for their best interest, shouldn't a Real Estate Seller have their own council that is looking out for them as well?

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Whose Job is It ?

The Title Company says it is Not there job to make sure that the Real Estate Contract is Signed by all parties. WHAT?

Whose Job is it when a Mortgage Broker Brings a Title Company a Purchase agreement to close a deal ? Who is suppose to make sure it is a legitimate deal?

If the Title Company is closing the deal and the Seller Does not have a Realtor, nor Does the Buyer have a Realtor than Whose Job is it to Make sure that A Purchase agreement is signed and that a Buyer and Seller agree to sell it.

Well if the Title Company is closing the deal and transferring the deed from the Seller to the Buyer, than to me as a Non-Real-Estate-Attorney I would have to say that it CERTAINLY is or definitely SHOULD be the Title Companies job to make sure that ALL parties have signed the agreement that they are moving toward a closing with.

Think about it folks if you were the Seller, or even the Buyer and the title company was closing a deal without even verifying with you that it was a real deal and without even a signature to state that you really did agree to the deal, wouldn’t you be a little alarmed.

Even if there Is a Realtor involved in your transaction, THEY are CERTAINLY not looking out for your best interest. A signature that this is an agreed upon deal is the least that the title company could do to prove the legitimacy of a real estate deal before they move toward closing.

If the Title Company is NOT there to Protect the Seller from fraudulent deals, legal description issues, easement issues, keep records for future consumer protection or advise the Seller in Any way… AND if the Title Company is not there to Protect the Buyer from buying the wrong piece of land or the wrong size by insuring a legal and not acreage or location, Not protecting to make sure the buyer has easement, not keep copies of inspection or warn buyers of why previous deals failed, nor to advise the buyer that the Buy Sell or Purchase agreement that they have is Unsigned then of What Possible Use Really is a Title Company?

If a Buyer and Seller could just sell without the Realtors and the Title Company and simply record with the State or County this may be better for the consumer and if the buyer or the seller lie or have some claim or issue they will need to go through the VERY slow wheels of justice anyway so Why is a Realtor or Title Company Really of ANY use? The Current Real Estate System that is in Place OFFERS No Consumer Protection in Real Estate.

Protect Yourself, Subscribe to my Real Estate Blog at http://www.savvybroker.com/ and Know what is Really Going on in Your Real Estate Transaction.

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your Settlement Statement

How Does The Title Company know how much money each agent gets for commission in your real estate transaction? Surely they ask to see the listing agreement you signed.

They must ask to see office policy or some sort of written statement as to how much the Selling Office gets paid? Nope, the title company simply asks the Listing Agent, not the Broker in Charge but the Listing agent, and what ever this listing agent verbally says that the commission is - then that is what the Title Company charges the Seller.

You would hope that the Seller will look at the settlement statement before closing and that if they do not agree for some reason that they would simply call the agent or the title company and complain. However, you can see the room for error here. The agent just says what the commission is and the title company requires No Proof of this.

The title company simply ensures your legal description. They often times give out too many document to different parties to a transaction and expose your business, they do not ensure your safety or that your home or property is habitable in ANY way.

The Title company does not ensure acreage size, so Make sure your Legal is right for the acreage you think you are buying. And when you have future trouble and need copies of documents in your transaction, NEVER assume that the title company has these documents or that they will give these document to you. The Title Company SHOULD have a copy of EVERYTHING that is in the Realtor's file, that way in the future, when something goes wrong and the Realtor forgets what happened or what they told you than you have a 3rd party to the transaction that is unbiased and really is looking out for the consumer.

But what really happens is that the Realtor's file is theirs, and if the Title Company really does have proof of what you need then they will most often NOT choose you. You do not represent Repeat Business, the Local Realtor or Franchise Does, therefore they Just Do Not Have a Record of that. When in Fact they Do. And if your Attorney requests the records they will get the same story however the twist being the file will be "cleaned up".

There are little notes on faxes, there are many little tidbits that prove things happened or were said during a real estate transaction that really is in the Title Companies File.

Should they choose Your Side, they are a wealth of information and do offer some protection.

The Title Company is NOT required to keep a copy of a home inspection or a Statement of Why a Deal Failed. This is VERY WRONG.. This is one more thing in YOUR real estate transaction that could easily be put into place to protect you but the powers that be are simply NOT looking out for your best interest in your real estate transaction.





Find out More about what goes on behind the Doors of Your Real Estate Transaction. Learn How to Keep your Money and to Know What the Realtors are Really Saying. www.SavvyBroker.com to subscribe to My Blog.

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Selling in the MLS...

Sometimes a Realtor will convince you to sign with them by saying, it will be in the MLS and All the Realtors can sell. Sometimes Sellers don't care who sells it so they pick one Realtor and then wait for any one of them to sell. Yes, Obviously this happens. however it is a different day. And being in the MLS can get your Real Estate Listing Lost among thousands of other listings. Also your Realtor may only offer 2.5 to 3 percent Selling Office Commission and this is NEVER better than you letting any Realtor bring a Buyer and Give them the Whole 6%, then you have ALL the Realtors working for you. So Sell yourself, open up your FSBO to the Realtors and Don't think that locking into One Realtor is in your Best interest because it is NOT.

Take Back your Real Estate Transaction

www.SavvyBroker.com

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