We have a behavior of positioning into our offers that both our buyer or vendor we symbolize will choose the Title Business to manage our transaction.

We`ve been working with the same Title Company for seven years.

It`s been my belief for the previous 2 years that too many Title organizations have made a decision to “Open up Store” with an totally different agenda!

I`ve dealt with Home loan Brokers who have insisted we use these “Fly by Night Title Businesses” which is a immediate conflict of fascination and several instances “Junk fee`s” mysteriously are tacked on for no purpose,besides to line the pocket of the Mortgage Broker and these title organizations.It`s amazing to see who`s curiosity they symbolize! safeguarding?

Yesterday, we ran into a circumstance exactly where we shut on a transaction in Port Saint Lucie very last 7 days. We represented the Seller, in most area`s of Florida as properly as the rest of the country, the vendor selects Title Companies. morbi tiles symbolizing the consumer determined to use their Title Organization to hold escrow which is their proper. The escrow verify was for $3000, a check out was sent to our Title Business at closing and almost everything went properly, other than the Tile Organizations examine went NSF!

The legal professional known as the other Title Organization and was informed that another verify would be FedEx the next working day, again absolutely nothing. We referred to as the Broker of the Consumers agent to let them know what transpired, believing it of value,soon after all, if they`re using this company to hold escrow it`s very important to insure their consumers deposits are secure!

We have been attacked by the Broker who instructed us the Title Agent and the Broker have been excellent close friends and her buddy would make very good on all monies owed! I questioned her how extended has her “Good friend” been in organization only to be advised she opened six months ago!

Yesterday the title organization shut down and went out of enterprise with out notifying anyone!So a lot for becoming fantastic friends. Forget the legalities associated or the Condition Legal guidelines damaged, this Title Company is guilty of co-mingling fee`s which is a federal offense.

We called the Broker, and immediately requested if she submitted a lien on her “So Known as” pals Title Organization, the reply was No!

Unnecessary to say, mixing friendship with enterprise doesn`t function too effectively. Deciding on an proven firm is constantly in the best interest of your consumers nicely currently being and yours!

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