 Posted 8/28/2007 1:17:26 PM
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Why does a full historical search need to be done, when my wife's Lender was satisfied with the Title search up to four years ago? Is it possible to find a Title Company that will just look at the past four years, and only charge on the difference between the cost of the house then, versus now, in our case, a difference of around 18K?
I have read a lot about Title Companies in this whole process, and man, what a racket. Who can you trust? 
How much can the FSBO do for themselves in this process?
Thanks much,
Ray
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Posted 9/1/2007 8:31:39 AM
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| Can anyone please comment on this topic? Any advice will be help full. Thanks
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Posted 9/17/2007 4:29:24 PM
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| Ask the seller (or possibly their last closing attorney) for a copy of the policy they received when they bought the house. Sometimes the title insurer is referenced on a recorded deed so you might find the previous issuer there, too. If you can find a previous policy, often the title companies will do just what you stated - they'll reissue a policy at a reduced rate since they can tie into the work done on the last policy/review. You could save substantial $$ depending on the amount of the previous title policy and the new purchase price. A closing attorney should be able to help you with this.
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