Asking the right questions and understanding title insurance is crucial as it allows you to choose the right title company. Here are questions that you should know the answers to:
What do Title Companies do?
A Title Company facilitates the closing, prepares closing documents, disburses closing funds and issues property title insurance.
Do all Title Companies provide the same service?
To answer this question, I would like to use an automobile shopping for a comparison. While all cars are designed to drive you from point A to point B, some offer a much smoother ride, better technology, all bells and whistles, dependable post-sale service and maintenance, and of course, strong and all-inclusive warranty program. Similarly, title companies are not created equal. At Esquire Land Title we offer extensive expertise in title insurance matters, client focused customer service, integrity and transparency in all aspects of transaction, and of course, strong financial backing of major underwriters, who can handle or pay off any insurance claims.
Do all Title Companies charge the same?
The answer is simple. No. There are many Title Companies, which, in addition to the regular closing fee that they disclose in a hurry, charge a multitude of creative add-on costs. You unexpectedly find them on your closing statement. They could be labeled as a courier fee, copy fee, municipal lien search fee, notary fee and so on. At Esquire Land Title we believe in transparency and treating all parties fairly. Our fee structure is reasonable and simple, no add-on charges, and, for added transparency, we will give you a closing quote before you commit to us!
I know that Title Insurance rates are regulated by the State of Florida. So, how can I save?
In addition to saving settlement costs, you can save money by seeking a “reissue” rate. Reissue rates can result in a rather substantial discount – up to 40% – from the regular title insurance cost. Have you heard of those rates or have you been offered a “reissue credit?” This is why you should work with a Title Company that works for you. At Esquire Land Title, the very first thing we do is to verify if you meet the criteria for “reissue credit,” and if so, we will help you facilitate it .