Re: property profile search from title company - Posted by Kristine-CA
Posted by Kristine-CA on July 17, 2007 at 11:38:51:
Property profiles are a customer service provided by the title
companies because they want you to do their business with them (or
continue to do business with them). However, there seems to be a lot
of people running into problems, especially newbies. I think that title
companies are being hit with too many requests and not enough
business. Depending on the area and the market conditions, the title
companies may just decide to not to provide this service or to provide
it only with charges.
The prices you mention are well outside the norm–that’s what a
prelim title POLICY costs in my area.
Start over again. Do not call your Atlanta office for business in NJ.
The national title companies, for the most part, are not chains. They
are separate companies. I live in one town and invest in another a few
hours away. The title companies do not allow me to deliver paperwork
or sign docs in my hometown. Call the customer service dept. for a
title company in the town in which the property is located. Ask for a
profile. They’ll either want to help you…or not.
You can use subscription services such as realquest and dataquick.
These are title company services online. The fees you would pay for
either comps or a profile are much lower than the prices qouted to you.
You could pay a monthly fee of a few hundred dollars or buy reports
I think the glut of REI educators out there combined with hot markets
(until recently) made it difficult for title companies to keep up. At least
that’s true where I am. It makes sense that they are limiting their
services to those that they believe will provide income.
Happy property profile hunting, Kristine