Closing Tip - Title Company

Tuesday, September 16, 2008

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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