Can we close on the sell of a house using an attorney or do we have to go thru a title company?

Alyteal
Home Seller
Lake Jackson, TX

We would like to save some money by not using a title company. Is this doable? How do I go about doing it?

Answers (5)
Alyteal
Home Seller
Lake Jackson, TX

Thanks for everyone's advice. I was told it could be done without a title company,but I don't think I should go that route. The more I research, the more I realize it's an important step in the process.
Thanks!

Thu Oct 2 2008, 14:05
Keith Sorem
Agent
Glendale, CA

Alyteal
This post is a great example of sellers not comprehending the essentials of real estate. As one respondent posted, forgoing title insurance is really putting a big cloud on the ownership of the property (pun intended).

If I were the BUYER I would insist on title insurance, and if you were aware of the implications for selling land that you do not have legal title, you'd demand it too. That is why title fees are normally split between buyer and seller.

Without a defined chain of title there might be some serious problems in the future regarding your legal ownership of the land, which is why we had so much land fraud in the late 1800s and why the American Land Title Association was formed, predecessor to modern day title companies.

My bet is even if you have an attorney help you with the paperwork, they will insist you obtain title insurance also.

Thu Oct 2 2008, 13:41
Bruce Lynn
Agent
Texas

If you are paying cash you don't have to buy title insurance, but not sure this is a good idea. I've seen people do it, but I think the cost is minimal based on the protection you get. I don't think you'll save any money using a different attorney vs title company if in fact you are buying title insurance. You could have both do a sample closing statement and see what they charge if you're looking to save money. My guess it will cost you more and process will be less efficient. But that is a guess.

Web Reference: http://www.teamlynn.com
Thu Oct 2 2008, 12:11
Jeff Kessler ABR...
Agent
Austin, TX

You should be able to use an attorney, but that attorney will have the Title Co. do the title commitment.
That is how the attorney I use does it.
Let me know if your attorney is different. I like to learn new things.
J.

Thu Oct 2 2008, 11:55
Lynn911.com Dal...
Agent
Dallas, TX
FIRST ANSWER

Ask the attorney representating you. Most sales go thru a title company.
GREAT QUESTION
http://www.lynn911.com http://www.homes-for-sale-dallas.com

Web Reference: http://www.lynn911.com
Thu Oct 2 2008, 11:48

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