Why choosing a local title company is better

Title Insurance with Federal Title & Escrow Company

After 16 years of handling real estate closings, I could easily provide 100 examples of why a borrower, whether a homebuyer or a refinancing homeowner, should choose a local title company rather than allowing a national "out-of-town" title company to handle your real estate closing.  But allow me to just give you 3 simple and basic reasons.

1.    DUTY OF CARE   In reviewing title work over the years, I have witnessed countless cases of national title companies failing to release paid mortgages/liens from a homeowner’s title records, only to be cleaned up by our office – a local title company.  In addition, I have often dealt with faulty deeds, unpaid real estate taxes, and other improper filings by the national title companies due to the national title company’s failure to understand or adhere to local laws and customs.  These mistakes leave the homeowner with defective title and often present hardship to the homeowner when attempting to re-sell or refinance their property.  As a hometown title company, Federal Title & Escrow Company has a vested interest in maintaining healthy and accurate local real estate records

2.    PERFORMANCE     National "out-of-town" title companies often dispatch an inexperienced, non-attorney, notary public to your home or place of business to conduct the closing.  In contrast, when you choose Federal Title & Escrow Company, as a local title company, you get an experienced and licensed real estate attorney to conduct your closing for the same (or often less) closing fee – get a quote and compare.

3.    ACCOUNTABILITY    A local "hometown" title company has a reputation to defend and must answer to the local community in order to preserve that reputation.   Their business relies on referrals from the community which includes neighbors, friends, family, real estate agents, and local lenders.

Comments (2)

Maria Morton
Platinum Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Todd, I always recommend my clients use a local title company for all the reasons you mentioned. 

Oct 24, 2012 01:06 AM
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Todd: I've had out of area title companies approach me to get my business. But they don't know "how it's done here"  or local laws. The local title company has records right on their property dating back forever, so looking up something obscure is easy and they are very helpful that way.

Oct 24, 2012 01:35 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?