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Real Estate Agents may steer you to a particular title agency based on their professional judgement or based on their interest in an Affiliated Business Relationship.  (Affiliated Business Relationships provide agents or their brokers with financial compensation or other benefits from their affiliated title company to refer business.)  Be sure to find out why your agent wants to use a particular title agency and know that you have the right to shop around and find the best fit for [...]

If you are a seller, request that the buyer use Liberty Title for their mortgage closing. Let the buyer know that they will receive the enhanced owner’s policy and that they will save at least 25% on the lender’s policy. If you are a buyer, request that the seller use Liberty Title so you can receive the savings on the lender’s policy and get the enhanced owner’s policy at no additional cost to the buyer or seller. When Liberty [...]

To receive these added protections at a lower price, Liberty Title must issue both the owner’s policy and the lender’s policy. By participating in Liberty Title’s Better Policy-Better Price program, a split closing is avoided. This unified closing through Liberty Title reduces the risk of cybercrime and wire fraud as only one title agency will be overseeing the money and the personal information of the buyer and seller.  When Liberty Title conducts a unified closing (no split), the process [...]

If a homebuyer is obtaining a mortgage on their new home, the homebuyer is required to provide the lender with a policy.  This policy is called a Lender’s Policy and does NOT protect the homebuyer; this policy protects the lender. Liberty Title saves homebuyers at least 25% on the cost of the lender’s policy – a savings of approximately $213 on a $200,000 mortgage. Buyer’s real estate agents have been reluctant to ask for the enhanced owner’s policy for [...]

The American Land Title Association Homeowner’s Policy of Title Insurance (commonly referred to as an enhanced or expanded owner’s policy) provides significantly more protection to homeowners than a standard owner’s title policy. The most important of these protections is coverage against fraud and forgery that occurs after the closing, often known as home title theft. Explanation of coverages.