Did you Know?
In a survey of recent new home buyers, 55% of the buyers did not realize there are two types of Title Insurance policies, one for the lenders and one for the homeowners. It matters who you close with, we are here if you need a title search, recording real estate settlement or more. [email protected]
President Carteret Title LLC
9 年Patrick, Thanks for your comments, they mean a lot to me as I value your opinion. Many in the business fear that come Oct 1, their may be a great loss in income from the sale of title insurance do to the new rules and some of the practices in the business. We call each customer educate them on the options available to them and the protection they will receive from purchasing the coverage the title insurance provides. We will have no problems here so we have no fear of these upcoming rule changes. Title Insurance is a great product, provides a great service of protection to its policy holders and is the cheapest Insurance on the planet. All other insurance sold in any form only provides protection as long as you continue to pay. Who has every sold an insurance product were you pay once and are covered as long as you or your heirs own the home. Wow, what a great deal and it does not cost much extra.
Real Estate Land Title Consultant/Co-Author/Professional Photographer/Orthodox Church Reader
9 年Thank the dopes at the CFPB for this one. It's up to us to properly educate consumers now. The biggest joke is that title companies piggyback lender's policies on owner's policies for a nominal charge.