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Thank you for calling my industry a modern day rip off

By Debra Balak

Title Insurance with NATIONWIDE TITLE AGENCY

January 16, 2008 06:59 AM

I would like to respond to Billy Burke, CAI - AARE (REauction.com The Industry Standard)
Real Estate Auctioneer Pocomoke City, MD. in an answer he wrote on a Q&A about deeding property.

Thank you for calling my industry a modern day rip off with roots back to the days of the old west.

I work very hard in my business to ensure my clients are happy and that there is very little risk of a claim ever arising, and in the rare instances where a claim does arise, lenders and borrowers are very happy they have title insurance policy's.

In todays world the risks of fraud, tax liens, and property disputes are ever increasing. Maybe you are a trust worthy Auctioneer and would buy property without title insurance, but I can assure you I have been in this industry a long time and knowing what I know, I would never purchase real estate without title insurance.

It is amazing how you can call a whole industry a "rip off" knowing you are on a website with a strong presence of people in this business. Your own words describe you best when you suggested the ($350 someone saves by not using an attorney for deed prep can be used for beer).

If anyone wants to respond to my reply in a negative manner, before you do so ask yourself how would you feel if someone said your industry, the way you make a living and support your family is a rip off.

At least we know what kind of professional you are.

Comments(7)

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Brian Schulman

Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA

Lancaster County PA RealEstate Expert 717-951-5552

Debra, people don't have any idea how important a reputable title company is until one of the many things comes up, that they weren't expecting, which can foul up a transaction unless skillfully handled...

Jan 16, 2008 07:09 AM

Jeff Kessler

Austin Homes, Realtors www.OwnAustin.com - Austin, TX

Broker,CLHMS,GRI

One of my clients used his title insurance just a month ago. They didn't know there was a mandatory Hoa and there was a 600 dollar bill. The title co. got is paid off and all is good.

Ed Rybczynski

Integrity Real Estate - Havre de Grace, MD

Your Source for Local Real Estate

Debra

Is it possible for you to link to the Q&A that you're referring to? I'd like to read it, if possible.

Jan 16, 2008 07:12 AM

Lynda Eisenmann

Preferred Home Brokers - Brea, CA

Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Debra,

After reading your post, I read that of Mr. Burke, not quite sure where he got his facts and figures myself. Looks like he thinks his way is the only way...talk about self-serving.

Jan 16, 2008 07:13 AM

Jeffrey DiMuria 321.223.6253 Waves Realty

Waves Realty - Melbourne, FL

Florida Space Coast Homes

We have a Title Company we work with and close about 40 deals a year at that location. They are wonderful about making not only getting us through the title process...but also helping out in all areas of the deal. Good title companies to a great service and make the process easier for all!

Jan 16, 2008 07:26 AM

Debra Balak

NATIONWIDE TITLE AGENCY - Manahawkin, NJ

Nationwide Title Agency, Inc.

Thank you, we really appreciate the feed back. If anyone would like to see the ad I am talking about I put the link below to copy and paste.

You should be able to copy and paste this link. He is the #3 answer down.

http://activerain.com/action/question/view_question_consumer?question_id=4806

Have a great day

Jan 16, 2008 07:36 AM

Thanks for the link. The Q&A section of this site has been problematic for some time. The response is clearly inappropriate and misinformed. It's truly frightening to think that someone is arrogant enough to want to title their own property.

Jan 16, 2008 07:38 AM

Comments(7)

Debra Balak

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