Title companies typically sell the same type of service to you, I would go to http://www.Title-1.com and use their Calcurator, it allows you to see what your title work would cost for 5-6 different companies.
You will get the names of other Title Companies, their pricing, and, you can call several to find out if their services differ in any way. Title searches are done on title to ensure that your title will be free of liens or defects, there are specific fees associated with everything they do and they are outlined in the estimate on the Calcurator. Then they assist you with recording with city/county/state agencies and the closing on your property.
They should be able to give you a breakdown of their services and their pricing but I typically take my clients to Title 1 because they are thorough, they are well priced and they have offices all over the metro area. You will also be able to purchase Title Insurance at closing should you wish, you can ask them about the fees for that and to what extent it covers your title in future.
Good luck with your Short Sale Investment. I hope you found this helpful.
I guess you can shop rates, but I would also suggest going with companies that have been around a LONG time. We deal in probabilities in a real estate transaction all the time. So, the likelihood that a company who has been in business and in good standing for many years will be your best bet to protect your title. In my mind, rates would be secondary to the reliability of the company and the word of mouth testimonial from other real estate professionals. Make sense?
It is very unlikely that the company underwriting the policy will go out of business. Local title companies come and go, but they are essentially writing policies for a larger company. It is set up a lot like your local Farmers agent. He/She might leave the business but Farmers will always be there to insure you.
Coldwell Banker Burnet
licensed MN Broker
It has good information and access to a title cost calculator.
I have a great Title person at Burnet Title that I can recommend but then again I'm sure your agent has a relationship with a person whom they like to work with. If you are feeling uncomfortable with your agent's recommendation - feel free to contact me through my profile and I will pass my title person's contact information on to you.
Colwell Banker Burnet
licensed MN Broker
Good luck with your purchase!
By "Chicago" do you mean Chicago Title Insurance Company?
My Realtor has advised me to use Title Smart.
Is it advisable to use Title Smart and get Title insurance through them? Or may be some other company? I had used Edina Realty Titles earlier for my primary residence.
Your Realtor may have a favorite.
Walk in and ask them for a HUD1 which will show your share of the Closing Costs so that you can compare.
You should be able to specific your choice.
Good luck and may God bless