overcharged for title insurance, please send a copy of the HUD-1 Settlement Statement to me along with a note or letter explaining why you think you were overcharged. Please withhold any private data of yours or the seller. I don't need that.
I am trying to compile as much information as I can on the pricing practices of title insurers.
At issue are whether or not consumers are getting the appropriate discounted premiums [reissue rate] and are they paying fees that have been padded.
For instance, when charging for lien letters and tax certifications, a consumer should only pay for the out of pocket costs. Some title insurers add a little for themselves.
Also, many consumers - especially in refinance transactions - are paying for a signing service or notary signing agent who comes to the house for the signing of loan documents. These fees may be marked up or padded and I am attempting to compile data on this issue.
If you would like to help in the effort, please mail the information to:
Diane Cipa
204 West Main Street
Ligonier, PA 15658
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