Whose Job is It ?

Monday, September 8, 2008

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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