Showing posts with label title company. Show all posts
Showing posts with label title company. Show all posts

Friday, January 22, 2010

Working with the title company when your sell or buy your home.


Working with the title company can be a really good experience or a really bad one.  I have been waiting for commission checks on homes we sold and I called the title company.   The one property they couriered the check yesterday - I was here all day yesterday and no check - I found out that they left it outside my old office - didn't bother to call and say "No one is there, should we leave it?"  The second property they closed on and did not issue us a check at all ..... and they will look into the third one.  Time to change title companies?

I also have another title company that is the worst when it comes to sending me the HUDS (the final closing statement) - I need these HUDS to mark the property as sold on the MLS.  The local MLS gives you 5 days to change status before they can start assessing fines.  I am just keeping my fingers crossed that they don't track me down because I have several properties from this one title company that is 2 months late!

I am happy to say that most of the transactions are smooth ones - but when they mess up it is sometimes a doozy - I have had clients walk out at closing because of the shoddy work of a title company.