Title work is an integral part of every real estate transaction, whether a purchase or refinance. Traditionally, the borrower’s real estate attorney or the lender chooses the title company. However, borrowers can choose their own company if they wish!
While most borrowers have no idea what to consider when choosing a title insurance company, Michael Haltman, President of Hallmark Abstract Services recently wrote an article pointing out the top five things one should be aware of when buying title insurance.
His article, Title Insurance: 5 Things That Every Homebuyer/Mortgage Refinancer Should Know, should be read by every mortgage borrower: