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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Switching title companies... Posted by Ward-CA- on December 18, 2003 at 4:00 PM In Reply to: tile insurance posted by gcastro on December 18, 2003 at 1:40 PM : I found a buyer for a property and we are ready to close. The title insurance comany (Fidelity National)that provided the prelim was willing to insure it, but now they say that they won't insure it becouse there is a judgment recorded against the previous owner. I argued that the judgment was recorded after my deed was recorded, and that I had no knowledge of it, but the Title company said that they don't want to take the risk because even thought the judgement was recorded after my deed was recorded, the issue date for the judgment was issued by the judge before my deed was recorded, and that it is too much risk for them, specially becouse I didnt buy with the benefit of title insurance. Any imputs? Should I try a diferent title company? =========================== Gonzalo, Yes, try a diffeerent title company. But first, call Fidelity and ask them whose computerized records database they use. Then call the title company you're thinking of switching to and make the same inquiry. You don't want to use a title company that's plugged in to the same records database because they'll be fed back to Fidelity's open order with you. You could try First American since they have their own proprietary database and don't share with Fidelity. (their major competitor). Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I found a buyer for a property and we are ready to close. The title insurance comany (Fidelity National)that provided the prelim was willing to insure it, but now they say that they won't insure it becouse there is a judgment recorded against the previous owner. I argued that the judgment was recorded after my deed was recorded, and that I had no knowledge of it, but the Title company said that they don't want to take the risk because even thought the judgement was recorded after my deed was recorded, the issue date for the judgment was issued by the judge before my deed was recorded, and that it is too much risk for them, specially becouse I didnt buy with the benefit of title insurance. Any imputs? Should I try a diferent title company? : =========================== : Gonzalo, : Yes, try a diffeerent title company. But first, call Fidelity and ask them whose computerized records database they use. Then call the title company you're thinking of switching to and make the same inquiry. You don't want to use a title company that's plugged in to the same records database because they'll be fed back to Fidelity's open order with you. : You could try First American since they have their own proprietary database and don't share with Fidelity. (their major competitor). : Hope this helps. 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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