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IWETHEY Home / IWETHEY Board / Jobs Forum / on settlement agencies
Post #107,373
by boxley
6/26/03 10:29:01 AM
Reply
New on settlement agencies
Dunno how you do it in Texas but when I sold my shack in Florida I picked the settlement law firm. They did all the getdones efficiently, on time and for $350.00. The title Ins was $500. In Alaska the Bank did the closing in their mortgage department.
thanx,
bill
will work for cash and other incentives [link|http://home.tampabay.rr.com/boxley/resume/Resume.html|skill set]

questions, help? [link|mailto:pappas@catholic.org|email pappas at catholic.org]

As the Poets have mournfully sung.
Death takes the innocent young,
The rolling in money,
the screamingly funny,
And those who are very well hung.
W.H. Auden
Post #107,382
by gdaustin
6/26/03 11:05:37 AM
Reply
New Texas
You close at the Title Company, the title company is supposed to be an "unbiased agent", providing the title policy and disbursing funds to the correct parties.

What really happens is that the Title Companies and banks are really "tight", and the bank or builder's bank usually choses the Title Company.

My title policy for re-fi on $134K was $1134. I was supposed to get a 20% discount from that because the original was 5 years old, but the lender told me that if the title company reduced the policy by 20%, then they would add that cost back into my re-fi fees. Jerks.

I hate lenders. That's why my new pledge is to attempt to be debt free (except mortgage) by 2004, and maybe completely debt free including mortgage by maybe 2010 or 2011?

Glen Austin
     New Business Idea -- I think it's cool - (gdaustin) - (8) - June 25, 2003, 12:50:12 AM EDT
         It is neat, but your mom is right - (ben_tilly) - (7) - June 25, 2003, 01:42:44 AM EDT
             Yeah but... - (folkert) - (6) - June 25, 2003, 03:58:14 PM EDT
                 Wondered that one for years - (Ashton) - (1) - June 25, 2003, 04:25:29 PM EDT
                     title insurance is for extortion insurance - (boxley) - June 25, 2003, 04:50:30 PM EDT
                 they are a service bureau, the money - (boxley) - (3) - June 25, 2003, 04:46:55 PM EDT
                     Title Companies - (gdaustin) - (2) - June 26, 2003, 09:17:58 AM EDT
                         on settlement agencies - (boxley) - (1) - June 26, 2003, 10:29:01 AM EDT
                             Texas - (gdaustin) - June 26, 2003, 11:05:37 AM EDT

Certainly, as long as they don't require any treatment.
32 ms