All Forum Posts by: Sylvia Castellanos

Alan, I am struck by your saying: " Seller really shouldnt be paying any fees to title company unless they did their conveyancing (ordering)."  

I have heard different explanations of who pays the closing costs. I have read that it's negotiated between the buyer and seller, and also that the costs are divided down the middle.  Can you further explain what you said?   And by the way, in transactions I would always be the seller, so to me what you said is very favorable.

Thank you to both Susan and Jay for the valuable information you have given me. It is very helpful to me.

No, I would not want to close on a property without title insurance.

Thank you for pointing out the possible pitfall . I will definitely look into it.

Greetings from Montgomery County, Alan!  It's great to meet people from the Delaware Valley on this forum. 

Let me ask you this. How much do you expect the title company or attorney overseeing the closing to charge?

Ahmed, please message me.

Something else that caught my eye in one of the replies I received. "However, the seller may guarantee the title themselves depending on the type of deed they provide."  I can guarantee the title?  What form does this take?

Thank you For that information, Andrew.  You mention that the day of the auction is when the clock starts running on challenges to the sale. Actually I buy properties when they are put on sale over the counter because they did not sell at auction.  The auction literally took place ten or fifteen years earlier.  How does this affect the timing on when the transaction becomes final and title insurance companies are comfortable insuring it?

However, the seller may guarantee the title themselves depending on the type of deed they provide

Susan, let me ask you something else.  We see so many Youtube videos with instructions on how to do self-closings/seller closings, and this saves a significant amount of money.  That said, some states have laws that say if a title company or a lawyer has to do the closing. If not, then of course the seller is free to do it.  Can you comment about Mississippi?

This is very helpful, Susan.  Thank you.  You and I have talked before--I hope you have been well.