Sometimes there are title issues, complicated closing issues, divorce situations, marital property issues, questions of ownership, situations that involve attorneys, questions of fraud, etc. that take time to clear up before a file can close. Every property doesn't have clear title.. Sometimes a quiet title must be done which may fix the exact problem, but may also slow down the whole process of closing.
Many people think that if they tell the title agent how to do their job, it will speed up the process. These same people are not the ones insuring the property with title insurance.They are not the title agent, and although it is always good to listen to another person's opinion, ultimately the title agent and the title underwriter will have to make and satisfy the requirements for the closing.
Don't get caught up in the hype or rush that may surround the closing. It is the title agent's job to do what is right - to provide and be able to insure clear title to the new buyer and/or lender. Sometimes "Hurry Up" means "Slow Down".. Who will be around if the title agent insures over something that comes back to be a problem later? If there were title claims on the majority of properties that closed, eventually title insurance companies would no longer be around, or their pricing would be so expensive that the average person could not afford to even purchase title insurance. That is one reason it is so important to close at a reputable, experienced title company.
Sometimes Hurry Up Means Slow Down. If you are a buyer, your best bet it to make sure your title is clear, clean and insurable before you go to closing. If you have the right type of representatives,-- they will also want you to have clear title. That way, if you ever decide to sell your property you will be able to do just that and you won't be stuck with legal fees that should have been taken care of a long time ago by someone else.
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