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Updated almost 7 years ago,
Does choice of title company matter if deal is bank financed ?
Multifamily contract, commercial loan 85% LTV. Seller agreed to pay all closing costs. Seller wants to use his title company to close which that title company has been in existence for over 100 years and good reputation.
I had intended to use the title company of choice, but not a huge issue. Anyway, from a risk perspective, does it really matter? Since the bank is going to require clear title pass from the seller to the buyer to close the loan, aren't they my gatekeepers, and it really doesn't matter which company we use?