Ciamacco Settlement Services LLC

Description

It just keeps happening! If a realtor tells you that you have to use their title company, it is a lie! If they tell you that it will cost extra money to use someone else, it is a lie! Hold your ground!!!

According to the Real Estate Settlement Procedures Act, (RESPA) the BUYER is who chooses the title company. The buyer should make the choice because “the seller has nothing to gain from a good title company.”

WHEN THIS REGULATION IS VIOLATED, THEY COULD LOSE THEIR LICENSE.

When you’re buying a home, who gets to choose the title company? Who chooses the settlement provider, that is, the escrow company or attorney to handle the closing and disbursement of funds? THE LAW IS CLEAR: it is BUYER’S choice. Even if the Seller’s Realtor has already set up escrow with a particular company, the Buyer has the right to designate the title company and the closer.

If the realtor operates out of a national brokerage, such as Century 21, you can bring the realtor’s violation to their broker’s attention. Realtors are licensed through the state, so you can also report them to your state’s Department of State. If they’re found to have violated any regulations, they could lose their license.

If you have any questions, please feel free to contact me.