Home Selling in Gadsden>Question Details

Jaci, Both Buyer and Seller in Gadsden, AL

title insurance.. whos information goes on the form.. who pays.. who submits it?

Asked by Jaci, Gadsden, AL Fri Feb 3, 2012

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The Lender places a tile request with the title company/closing attorney. They will then issue a Lender's and/or an Owner's Title Policy. Owner;s Title Policy can be option. We strongly recommend to our Home owners having it.
0 votes Thank Flag Link Sat Feb 4, 2012
Jaci, typically the buyer side is responsible for the title policy. Whether done by a title company or Attorney. As stated below there are some cases when the seller will pay for the policy. Most important is to make sure the property is free of any issues affecting the property you are purchasing. That is what you are paying for. Make sure you're working with only reputable/knowledgeable proven Professionals, so everything is handled in a proper manner.

Best of luck,

Rob
0 votes Thank Flag Link Fri Feb 3, 2012
Either buyer or seller may pay for it, depending upon what is agreed upon. In our area, the buyer pays unless the seller (such as a bank) has a policy of providing ti. The other time the seller pays is if there is a a cloud on the title and by providing title insurance you can demonstrate marketable title. In my experience, it has always been submitted by the attorney at the time of closing and the buyers names go on the policy.
0 votes Thank Flag Link Fri Feb 3, 2012
As the lender, we place a tile request with the title company/closing attorney. They will then issue a Lender's and an Owner's Title Policy.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | VA | USDA | GA Dream | Jumbo Financing
Web Reference: http://www.rodneymason.com
0 votes Thank Flag Link Fri Feb 3, 2012
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