OfflineMy First Deal After 11 Months was messed up by the Title Company. We're scheduled to close next week and Just yesterday, I learned that the Title Agent no longer want to take it to the clossing table. It was my Buyer's Title Company. In other words, the Title Agent Messed up everything for some reason... she can't get a Title Insurance.
I immediately called the TC and talk to the agent, and all she can say is "I DON'T WANT TO HANDLE THE SETTLEMENT ANYMORE" period.
Good thing my business partner knows how to handle this issue and immediately give everything to His Own Title Company and we are good to go Next Week. It is Vital in this kind of business to have your own Title Company, Assignment Attorney , etc etc. Most of all, Be in constant communication with this group of people. They can ruin everything and possibly lose the transaction. Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
I know it is a mess for you, but I know this won't deter you from completing your deal and moving on to the next one. Good Luck...Jan
I always stipulate in my offer that we use my Title Co. for this very reason. As the buyer, you always want to control the process. Your Title company will work with you and let you know of any "bumps" in the road that may delay the closing.
I have found that over time, the more business you bring to your Title co., the better chance of getting discounts on Title Insurance etc.
Great info and good luck in completing your deal!
Suzanne Barber
Thank you Jan and Suzanne.
Jan, I just can't think of any excuse this title company could say to me. It's unbelievable. They claim to be in business for years and years and a simple assignment issue can't go thru? This is not a hundreds thousand or million dollar transaction. This is only a 13K transaction. But great advice from you. This thing can't stop me from this business. This is part of my learning process and most importantly, PART OF THE BUSINESS.
Suzanne, Thanks a lot. Yes I agree with you and from now on, I will Patronize the same Title company if this New TC that we use can close this deal next week. I will keep you guys posted.
Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
Sorry that this happened. It sucks when something like this can just mess things up. Just keep your head up and see if you can find a better title company asap.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
LA,
Thanks for the heads up. As you said you will just bring it to your title company, but this is a great reality check for everyone. Especially those who are trying to get their first deal done like myself. I am bringing contracts and paperwork to my agents escrow co. so they can see exactly "per contract" what I am planning on doing. This way when I do get that first deal there are no surprises and the Title Co. knows exactly what is going on before hand. Thank you again for sharing. Sometimes they aren't the best situation, but they can be a great learning experience. Good luck and I know (from reading your posts) that you are going to do some great things in the REI world. Let's us know if your title co. had any reasons why the other title co. got spooked because it may give the rest of us a heads up, and especially when that deal is closed!!
Richard
Bothell, WA
Know what truely matters in life, consume yourself with that, and you shall never be disappointed, afraid, or alone. Give your gratitude always, give respect to everyone, and you shall never be anything less than what matters the most. Give praise to the Lord, forgive yourself and others, and with all of this together you will get a taste of what heavens lie ahead.
Thank you Jeremy and Richard.
Everything should be good by Wednesday Next Week. If it won't go thru, I just need to call the owner from Arizona (i'm from Maryland) and talk to her straight to the point how serious I am in making this deal happen but things beyond my control happens and I need to get another 1 week extension. I just hope everything will be put into the right order with my New Title company.
I need to face this fact because I know for sure that everything will be worst if I don't address to this problem and face it whole heartedly. Blessings to all. LA
Everytime you repeat the words "I CAN DO IT" with conviction, you cancel or override your fear and increase your confidence. By repeating this affirmation over and over, you can eventually build your courage and confidence to the point where you are unafraid. -Brian Tracy-
LA,
Absolutely! As Dean has said numerous times; "it's not how a situation arises, but how you react to it. It's not a problem, but rather a challenge." Never try to ignore an issue. Great business people handle all challenges head on that way they learn and keep control. Can't wait to hear about it.
Richard
Bothell, WA
Know what truely matters in life, consume yourself with that, and you shall never be disappointed, afraid, or alone. Give your gratitude always, give respect to everyone, and you shall never be anything less than what matters the most. Give praise to the Lord, forgive yourself and others, and with all of this together you will get a taste of what heavens lie ahead.