Tuesday, August 07, 2007

Consumers should be asking blunt questions.

After all, title agents control millions of dollars. Ask away and don't be shy. This is how you choose a title insurer. Be picky.

Ask - Do you triple reconcile your escrow accounts every month?
Ask - Do you disburse on transactions before verifying receipt of good funds from all parties?
Ask - Can the seller get a cashiers check or wire for proceeds without a fight?

Correct answers would be yes - no - yes. If you get any hesitancy from the title agent you may wish to move on to someone who has better control over their accounts. Be safe. Be well.

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