How can you avoid the “fee traps” of title insurance? Start by finding the right title insurance company!

Title insurance can be one of the most expensive costs of closing on a piece of real estate. The major title companies; Fidelity National, First American, Stewart Title, and Old Republic all reported losses in 2008. They like every other service provider of real estate are looking for ways to increase costs. Many of these companies are charging consumers separate fees for title research on top of the premiums for insurance.

Early in the process of purchasing or refinancing a mortgage, let the lender know you want to select the title insurer, then you can shop around for the best deal. Do this by researching title insurance companies online and check whether there are more fees on top of the premium. Take the time to do the research and save yourself real dollars!

This entry was posted on Friday, August 21st, 2009 at 12:51 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.