Imagine, purchasing the luxury car of your dreams for half the retail price and then finding out it’s a lemon. The feeling of getting exactly what you want comes to a disappointed halt. Realizing what you paid for wasn’t worth the enthusiasm nor the cost. It is the same experience as seeing your title estimate for the first time.
We have made it our mission to become aware of the many tactics used to take advantage of home buyers. Agencies will tell you they have the lowest title insurance cost and closing cost, but when once you get to the table for the signing there are hidden fees or increased fees you were not privy to.
What can you do to prevent sudden title inflation fees?
- Keep your estimate handy.
- Request updated estimates throughout the title process.
- If you receive an estimate and the fees have increased, request a breakdown to see which fees are missing.
- Make sure the estimate you are reviewing is from the title company and not the lender as the title company cannot modify any charges from the lender.
- Relay your concerns to your attorney (if you have one) they will guide you on the next steps to protect your investment.
It is our job to make sure we are providing you with the best service that fits your needs. However, doing a little research on your own to prepare yourself is always in your best interest.