Benefit of Using Own Title Company vs. Seller's Title Company (Fannie Mae, HUD, Etc)

[Greg P.]

Hello as a Rehabber I'm always trying to save costs when able. I've noticed when I'm purchasing houses from Fannie Mae or other banks they offer $250 closing fee + title insurance (no charge). My title company is charging $695 closing fee + 200 for title insurance. That's around a $700 difference and it adds up. I've heard of people saying there is a benefit using a "local" title company and would rather pay extra for the local services. So far, I haven't see any benefit in using a local title company and the $700 difference is a no brainer. Could any other rehabbers chime in and let me know if you use your own title company for fannie mae or hud deals or if you use theirs? Thanks!