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Loan Modification
: Mortgage Lender Implode-o-MeterAfter Foreclosure, a Focus on Title Insurance
By Implode-Explode Heavy Industries
When home buyers and people refinancing their mortgages first see the itemized estimate for all the closing costs and fees, the largest number is often for title insurance.
This moment is often profoundly irritating, mysterious and rushed ? just like so much of the home-buying process. Lenders require buyers to have title insurance, but buyers are often not sure who picked the insurance company. And the buyers are so exhausted by the gauntlet they?ve already run that they?re not interested in spending any time learning more about the policies and shopping around for a better one.
Full post as published by Mortgage Lender Implode-o-Meter on October 09, 2010 (boomark / email).
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