Kevin Alexander from Search to Close pulls back the curtain on what truly happens during real estate transactions, revealing why your choice of title company could be the difference between a smooth closing and a financial nightmare.
Title insurance isn't just another closing cost—it's crucial protection for what's likely your largest investment. Kevin shares eye-opening stories of homeowners who discovered someone else had legitimate claims to their property years after purchase. Without proper title insurance, these homeowners could have lost tens or even hundreds of thousands of dollars settling these claims. Your title policy protects against ownership issues dating back up to 100 years, providing invaluable peace of mind for as long as you own your home.
Beyond basic title insurance, Kevin clarifies the often-misunderstood closing protection coverage. This additional protection (typically $40-55) safeguards against both theft of funds by the title company and ensures proper following of closing instructions. As Kevin explains, "It's all your life savings" for many people—making this small investment in protection well worth it.
The conversation takes a serious turn when addressing wire fraud, with Kevin warning that criminals now use sophisticated voice-over IP phones to impersonate sellers. Both hosts emphasize the importance of verification: always call your title company directly to confirm wiring instructions before sending money. Once wire fraud occurs, those funds are typically gone forever.
Working with local professionals—agents, lenders, and title companies—provides significant advantages. They understand local market nuances, can anticipate potential issues, and typically offer superior customer service. As Kevin notes, "I don't think anybody buying or selling a house should feel rushed through the process." Quality title companies view each closing as an opportunity to educate clients and build lifelong relationships, not just complete transactions.
Ready to buy, sell, or just explore your options? Contact professionals who value education, transparency, and exceptional service throughout your real estate journey.
Sarah Thress
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