All Forum Posts by: Marc Phelps

Quote from @Stuart Udis:

Keep in mind title insurance premiums are regulated by the commonwealth, so whomever you go to with a title insurance request will charge the same premium. The misc. fees from recording, deed prep, notary etc. may differ slightly but usually not enough to make a meaningful difference in your transaction costs. Ultimately, selecting a title company that's responsive and is familiar with you is best since you can spend considerably more time working with some title companies as opposed to others. That's where you can save money at the end of the day because your time is valuable. 

When I hear investors on BP seeking "investor friendly" title companies or title companies claiming they can "can close any transaction", that usually means they are looking for or working with aggressive underwriters. Remember, the title company is not making the decisions on whether they can or cannot insure the property or whether there are title exceptions, this falls back on the underwriter. At the end of the day, this is an insurance policy and you are the insured. When you take out property insurance, you probably avoid the polices with a lot of exceptions. The same should hold true with title insurance. The insurance policy is intended to protect you, but most forget this and are focused on going with whomever will insure the wonky situations investors are more inclined to run into than the home owner buying a home. 

Title insurance premiums are set in PA but not in most states. We write the same policies that others do in the state (underwritten by DOMA). But the price difference in fees in PA can be substantial depending on price sensitivity and number of deals. For example, I’ve seen comparisons from other title companies that were $1,500 more just from legal and ancillary fees.  Most in PA are only $500-1000 more but that can be significant when maximizing funds available for rehab and/or the need to buy down a rate.  

All that being said, as an investor with hundreds of deals under my belt… in most cases, I would opt for the title company who was easiest to deal with and fastest to close even if it was an extra $1k. Having to push back closing a week or having to make multiple trips to a notary or having to sit through a 3 hour closing is not worth it.

Hey Nina! We operate in PA and are the most investor friendly title company I’m aware of. We were built by investors to solve investor problems. We close online, charge minimal fees (especially compared to others), clear title quickly, and can close any kind of transaction you bring us. 

For BP folks, I even waive escrow fees on your first deal and will pull title for free on wholesale deals upfront. Message me and let’s talk about your needs. If you need something unique, I’ll try to accommodate.

I'll pull and clear title for your deals for no cost upfront as long as your property is listed for sale or you are under contract as a wholesaler (within reason).  

Our company focuses on investor closings and title work. 

We close faster, easier (100% online), and cheaper than any other attorney or title company. We currently can do this in: IN, IL, MD, FL, TX, WI, MI, NC, GA. NJ, PA, TN, VA

Email me your properties to [email protected]

Quote from @Marc Phelps:

Presidential Title Group. I’ll send you a dm. 

 Or feel free to email me [email protected]

Presidential Title Group. I’ll send you a dm. 

We do title and closing in Wisconsin. Investor focused, any deal type, close in 5 minutes fully remote, and tons less expensive than anyone else. 

Reach out to me and I’ll waive your escrow fee on your first deal. 

[email protected]

I also do closings in Atlanta and have been an investor for a couple decades.  Go with whomever you want but if you are considering options, I'll bet $1,000 (for real) that we can close faster and for lower cost than anyone else in Georgia.  Send me a file at the same time you send it to another attorney and compare our cost and how quickly we are ready to close.

I can speak to the non-lender costs. The settlement fee is a lot more than we charge in NC and the added "attorney" fee is repetitive. The title insurance seems reasonable to me but its impossible to know for sure without having the property address. Feel free to reach out directly if you are still unsure, I can have one of our attorneys do a comparison HUD using our fee structure.

We do double closings in Georgia.  The thing that I've found makes them smoother is allowing each party to close individually and early when possible.  I'd suggest using someone who can do fully remote closings.  We do them exclusively now in Georgia and it saves a ton of time, money, and hassle.

DM me if you have a deal you want us to take a look at and I'll waive one side of the escrow fees for you.

We can close it but I would recommend having another attorney draft the agreement (we can make a referral if that would help). It's usually best to separate the attorney drafting the agreement from the title company closing the transaction if possible