title insurance: You Choose the Title and Escrow Provider for Your El Dorado Hills Mortgage - 10/13/09 05:22 PM
You Choose the Title and Escrow Provider for Your El Dorado Hills Mortgage
 
In 2009, the Governator signed AB 957, also called the “The Buyer’s Choice Act.”
 
With that signature, buyers of residential, 1-4 unit foreclosed properties in California could select their own title and escrow companies.  Previously, banks and their representatives required REO property buyers to use a particular title or escrow company.  Some even went so far as to not entertain offers from buyers who requested to use a different title and escrow company.  If you think this sounds unethical, unfair and detrimental to competition, you’re right!  The consumer … (6 comments)