Posted by SCook85 on December 20, 2000 at 16:15:19:
Most title companies will not charge you upfront. Lately one of the local companies near me has been charging investors $250 up front to cover their out of pocket expenses. Typically when a title company does a title search there is a cost involved. Many do not charge you if your deal falls through, but I do know of some that do charge. If you just decide to not do the deal I would expect a bill. But if you were applying for financing and for some reason your financing did not come through then the title company may let you slide- they don’t want to add salt to your wound.
I wouldn’t get in the habit of having title companies do this for you and then not settle on the deals. You probably won’t be welcome there for long. There is a time and out of pocket expenditure to get your deal rolling.