It’s your choice too! – (Write us into your contract)
In central Ohio and surrounding area’s, the standard Columbus Bar Association contract states that the seller will pay for and choose the title insurance company. However, you have a right to choose and you do have a definite say in the matter! In fact, as the buyer with a federally insured loan, you have a right under RESPA federal law.
What is the easiest thing to do? Write us into your contract from the start – that you wish to close at Eagle Land Title Agency. If your real estate agent or the sellers agent has already selected the title insurance company for you, inquire as to why. Many real estate agents have an ownership interest in a title company. This can result in increased fees for you the consumer and may present a huge conflict of interest for you during the transaction. Not convinced yet? Review our Not on Our Watch section or the More insight on Affiliated Business Arrangements.
I encourage you to shop around and obtain at least three quotes from independent title agents (read What Makes a Independent Title Agent Better?). Why? It’s your money (you could save hundreds or even thousands of dollars) and it’s probably one of the most important purchases that you will ever make! Call us for more details (614) 763-5263.