Asked by Sarah, Ohio • Wed Apr 13, 2011
My REA recommended a title company to use for my purchase. I agreed. I'm a first time home buyer - and I didn't think it mattered. My mortgage broker (who I've known forever - family friend) told me that she gets a commission from them - so that's why she's so insistent that I use that title company, but that there are other companies who are hundreds of dollars cheaper.
I told my REA that I was going with a different company. She called back and said that she had heard bad things about that company, that one client had her credit completely screwed up by them not processing things correctly, and that the prices were set by the state so they should all be the same. But if one company did give me a discount, the others would match so it was better to go with the company she recommended.
Does she have a vested interest? Does she get a commission if I go with her company or is she just trying to save me a headache? I trust her but this has me second guessing everything.
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