If you haven't already seen it in your recent closings title insurance premiums have changed.
To make it easier for mortgage lenders and real estate agents to calculate costs, the title insurance companies are standardizing the amounts that agents can charge for title insurance premiums.
To see the new rates, just click here! There's no more guessing how much title insurance is going to cost anymore!
So what exactly are the big changes?
- Uniform rates. No longer will one agent be able to charge one title premium rate while another charges something different. No more differences between normal sales and REOs. Instead, there'll be just one rate, consistent from one closing to the next.
- Simultaneous-issue discounts. When both an owner's and lender's title policy are being issued in a closing, the premium for the owner's policy will be set by the rate schedule. The cost of a lender's policy will be $100.00 as long as the policy amount is less than the owner's policy.
As a real estate professional, you spend a great deal of time and effort putting each and every deal you handle. Don't you deserve a closing attorney who treats your closing with the same level of importance? We think you do. And at Harlan and Associates, we strive to make the entire real estate closing process easy for everyone: easy for you and easy for your clients.
Harlan and Associates performs real estate closings in Georgia. Want to know more? Contact us and we'll be happy to discuss how we can be of service to you!
Time For Change, originally uploaded by David Reece.
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