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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Never heard of such a case... Posted by Ward-CA- on September 18, 2003 at 7:12 PM In Reply to: Would Title Co. Steal Your Deal? posted by Patrick (CA) on September 18, 2003 at 8:48 AM : If I have a good deal (lots of equity ? low costs going in), what prevents the Title company from letting another investor know about your deal and try to go around you? Some other questions: : 1. Do you give the title company the original P & S agreement, Seller?s Acknowledgment and deed? Or what documents do you give them? : 2. Do you tell the title company the true fair market value, so they can insure the full amount? : 3. Anything not to disclose to them? =?=?=?=?=?=?=?=?=?=?= Patrick, A title company wants to foster positive feelings about its integrity, fairness, honesty, etc. Usurping a customer's prospective advantage would be devasting to a title company's reputation and ultimately its business prospects. Who in their right mind would ever use a title company with such a reputation?? No, I don't think you have anything to worry from that quarter. 1. Unless the title company is also doing the escrow for your transaction they wouldn't be asking for such documents. Normally all the documents the title company needs it would get from the escrow officer. 2. Yes, title companies base the cost of their title policies to the sales price of the underlying insured property. 3. Generally a title company won't want to know anything that's not germaine to the sale transaction. Follow Ups: Re: Thanks Ward Patrick 5:28 PM, 09/19/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : If I have a good deal (lots of equity ? low costs going in), what prevents the Title company from letting another investor know about your deal and try to go around you? Some other questions: : : 1. Do you give the title company the original P & S agreement, Seller?s Acknowledgment and deed? Or what documents do you give them? : : 2. Do you tell the title company the true fair market value, so they can insure the full amount? : : 3. Anything not to disclose to them? : =?=?=?=?=?=?=?=?=?=?= : Patrick, : A title company wants to foster positive feelings about its integrity, fairness, honesty, etc. Usurping a customer's prospective advantage would be devasting to a title company's reputation and ultimately its business prospects. : Who in their right mind would ever use a title company with such a reputation?? : No, I don't think you have anything to worry from that quarter. : 1. Unless the title company is also doing the escrow for your transaction they wouldn't be asking for such documents. Normally all the documents the title company needs it would get from the escrow officer. : 2. Yes, title companies base the cost of their title policies to the sales price of the underlying insured property. : 3. Generally a title company won't want to know anything that's not germaine to the sale transaction. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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