News

LETTER: AS TITLE INSURANCE OPTIONS EXPAND, PRICES WILL DROP

A letter to the editor by Daniel C. Price in the Albany Times Union

To the Editor: The Times Union and the Department of Financial Services are right to target the worst practices in title insurance ("Editorial: The American Dream Fee," May 4, 2017). We completely agree that title insurers should compete based on who offers the best price and...

Title co. identifies excess insurance costs

by Sondra Campanelli in Real Estate Finance & Investment

A recent study by OneTitle National Guaranty Company has found that New York City residential and commercial real estate buyers spent $81.2m in excess title insurance costs in 2016, costing the average buyer an extra $1,739 or 24.7%. The study’s findings are based on an analysis...

New York City Real Estate Buyers Spent $81.2 Million in Excess Title Insurance Premiums and Fees in 2016, Per New Study

OneTitle Shows Significance of Savings Through Analysis of 46,699 Transactions Citywide

NEW YORK--(BUSINESS WIRE)--OneTitle National Guaranty Company, Inc. (www.onetitle.com) today released a report showing that in 2016, buyers of New York City real estate – including homebuyers, investors and others – spent an estimated $81.2 million in excess title insurance premiums and fees, costing the average...

Another Offering Plan Library Has Opened Its Digital Doors

by Ron Egatz in Habitat Magazine's Green Ideas

OneTitle is latest to make co-op and condo offering plans available online. If you’ve ever purchased a co-op or condo apartment, you probably know that one of the quickest ways to get a true picture of the deal is by studying the offering plan. Among many...

OneTitle gets rate-reduction approval

As seen in The Title Report

The New York State Department of Financial Services has approved OneTitle National Guaranty’s request to reduce rates on real estate transactions of more than $15 million, including purchases, loans, and refinances. According to the company, the newly approved rates are 25 percent lower than the prevailing...

New York title insurance gets green light for 25% rate cut

By Kaitlyn Mitchell in Real Estate Finance & Investment

OneTitle, a New York-based title insurance company, has received approval from the state to reduce by 25% its rates for title insurance for transactions of more than $15m. Daniel Price, president, said there’s been little movement in title insurance rates since the firm was launched...