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	Escrow & Title Escrow Protected after escrow? Condominiums as rentals? Common Ways To Hold Title Direct deeding is useful Escrow is open Comparing escrow fees Learn about contingencies Prepare for Escrow closing Prorations it pertains to rent Real estate taxes pro-rated Real property vs. personal property Real Estate Mathematics The hidden cost of closing Utility bills and escrow escrow agents have to report? Walk Through Inspection   Title 1031 reverse exchange 1031- Avoid capital gains tax ALTA Policy CLTA Policy Community property tates Creating a trust Clouds on a title Do condos need title insurance? Deed Deed of Reconveyance Dealing with boundary disputes Easements Exceptions in title insurance How much is title insurance? Lis Pendens Mortgages vs. deeds of trust Not married? Joint tenants? Proposed zoning change Preliminary Title Report Quitclaim deeds Statement of Opinion Title Insurance Title insurance and builders Your closing date-Who chooses? Why you should have title insurance Who pays for what Fees in Escrow Title Insurance There is no doubt about it: title insurance costs are painful they are so high. The other closing costs are so low when compared to these costs, why? You know you have to pay your lender taxes and your transfer taxes and of course your homeowners insurance is necessary, bad things do happen but why so much for title insurance? And why does anyone even notice since they are already paying so much? Or is that why they notice? What is it that you are getting for your money when you purchase title insurance. Those who have never purchased a home do not even know what title insurance is. Title insurance is more geared towards preventing loss rather than making up for it once it has already happened. About a quarter of real estate transactions will run into title trouble, whether or not you even find out about title problems is all about your title company. They take care of money problems all on their own that is their job. It cost title companies millions of dollars to deal with all of the problems that arise. We are talking a lot of man hours and a lot of labor intensive work that need to be done. Just like any other company they have their operating budget and it is these title problems that eat up the most of it. Everyday tons of forged documents are found and each one has to be dealt with. This is one of the most common title problems that come up. Other common problems are simple recording mistakes, wrong property descriptions and various liens. And for the most part human error. In most cases those purchasing a new house will have to pay anywhere from one half to one percent of the total cost of their new home toward their title insurance. Just how much your premium is going to cost you will be affected by several different factors. The title plant, the cost of searching the title, and looking at the title, any claims on the title including any legal fees that have popped up and an allowance for some profit. Title companies have about a 90 percent expense ratio where as other expenses like casualty insurance are only 30 percent. Think about it, the underwriting that needs to be done by a title company needs to be done right there where the property is located. The need to get these searches done there is very costly and to do it cheaper you would have to have it done on a national level and in many states this is simply not permitted. Title insurance is good to have and it can benefit you long after your home has been sold. If a title claim is ever made it would cost you much more than your premium did for the title insurance, these claims are always notoriously high. All of your legal expenses will be covered if you have title insurance.