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