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Represent Buyers? Have a hard time getting the Title Co you want?

I often have afavorite Title co. I like to work with as you probably do too. Sometime listing agents insist on using their Title Co., but you can let them know that the buyer has their choice, so be sure to fight for your buyers right.

Section 9: Seller required title insurance

Section 9 of RESPA prohibits a seller from requiring the home buyer to use a particular title insurance company, either directly or indirectly, as a condition of sale. Buyers may sue a seller who violates this provision for an amount equal to three times all charges made for the title insurance.

http://www.hud.gov/offices/hsg/ramh/res/respamor.cfm#HE2

Let me know what you think.

Have a great week

Posted by Jeff Kessler ABR,GRI, Texas 512.801.5666 on 10/08/2009 05:55 PM

Comments (4)

Buyer Title Policy Rights in the Home Buying Channel

title policy, title insurance, texas cities

Originally posted at: Jeff's Blog: Represent Buyers? Have a hard time getting the Title Co you want?

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4 Comments on Represent Buyers? Have a hard time getting the Title Co you want?

OCT

Jeff,

Section 9 applies only if it is a federal assistance loan, and the buyer is paying for the title policy.

OCT

Hi Richard.

I didn't see that. Send me a link, I would love to review that and make changes if need be.

Thanks,

OCT

When representing a Buyer, I always stipulate which Title company will close the mortgage and provide the mortgage title policy.

OCT

Tom,

Thanks for your comments.

Hope you have a great week.

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Jeff Kessler ABR,GRI, Texas 512.801.5666

Austin, TX

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Austin Homes, Realtors www.CentralTexasHomeRebates.com

Address: 3400 Doe Run, Austin, TX, 78748

Cell Phone: (512) 801-5666

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