Save Money On Title Insurance

When my wife and I bought Houes #4, closing costs were just a blip on the radar screen with some many things to do to get through closing. However, hats off to our mortgage broker, who pointed out we had an opportunity to save a bit on our title insurance.

If their was a transaction within the past couple years on the piece of real estate you are buying, chances are their was title insurance purchased at that time. It turns out that often you can go to that same title insurance company and ask for title insurance reissuance. They can use their exisitng records and offer title insurance at a reissue rate.

In our case, new title insurance would have been approximately $500+ for our house. However we were able to get a title insurance reissue rate of $322 since a new title insuance policy had been issued about 1 year prior to our closing.

Related in Real Estate:

No Closing Cost Loan Example (Nov 29, 2012) I've gotten multiple requests to clarify the recent no closing cost refinance loan I just completed. Its a bit of a vague term and could be done different ways, but the end result is that there are no out of...

3.5% 30 Year Fixed No Closing Cost Refinance (Nov 27, 2012) We finally closed this week on our 3.5% 30 year fixed refinance with no closing costs (no closing costs = a credit from lender/broker large enough to offset refinance costs). It took us over 2 months (67 days from initial...

Appraisal Appeal Unsuccessful (Nov 05, 2012) Not much of a surprise, the appraiser dug in and didn't budge after we submitted our appraisal appeal: Our more favorable comparables were based on county property records. Interestingly the appraiser indicated the MLS data is generally considered more accurate...

Comments (1)

Eric Beveridge is a liar and a cheat. Do not use Cal title or Eric Beveridge when you get title insurance. Eric Beveridge is unprofessional. Eric Beveridge does not know title insurance. Save yourself and do not use Eric Beveridge.

Post a comment

(Comment moderation enabled.)


A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


New Personal Finance Articles

PF Blogs