Beware of Deed Processing Companies
Enclosed is a letter from a company who tried to intimidate a recent home buyer into believing that they needed a copy of the deed to evidence that the property was, in fact, theirs. THIS IS A SCAM!!! The fee is outrageous. In Ohio, the mere fact of recording a deed in the respective county records gives proper notice to the world that the transfer was made. A home owner is able to obtain a copy of their deed from the recorder's office in the specific county it was filed in at any time, with most counties being online. Consumers are able to actually print a copy of their deed off of most websites for free.
If your buyer purchased title insurance from NorthStar Title, shortly after they close on their home they will receive a copy of the Owner's Title Insurance Policy and the recorded copy of their deed.
Links to Some Counties That Offer Deed Copies Online:
|
New Fees for Closing Protection Coverage
Effective May 1, 2013, there will be an increase in the rates for Closing Protection Coverage. This coverage, which is limited to a specific transaction, provides the covered party with certain protection against fraud, misapplication of funds, or failure to comply with written closing instructions by the licensed agent (an agent is licensed and authorized to issue title insurance in the State of Ohio for a specific Underwriter) subject to the provisions contained therein. The rate for the issuance of this coverage has increased by $5.00 across the board and will be forty dollars ($40.00) for a lender, fifty-five dollars ($55.00) for seller(s), twenty dollars ($20.00) for buyer(s)/borrower(s) and twenty dollars ($20.00) for each additional applicant for title insurance.
The entire amount of the rate collected for the Closing Protection Coverage is remitted to the Underwriter.
|
NorthStar Title is Active on Social Media and Customer Review Sites!
Did you know that NorthStar Title is on Angie's List, Yelp! and Google+?
As a small business, we greatly value feedback from our customers. Please feel free to check out our pages and to join our other social networking pages (button links to Facebook, LinkedIn and Twitter are in the right hand column above).
 
|
